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  3. during the year, abc purchased $7,480,000 of goods

During the year, ABC purchased $7,480,000 of goods from its suppliers on credit. ABC paid...

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Accounting

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During the year, ABC purchased $7,480,000 of goods from its suppliers on credit. ABC paid its suppliers $7,409,000 and at the end of the year the firm's Accounts Payable balance owed was $125,000. What was the firm's Accounts Payable balance at the beginning of the year? $54.000 $57,000 $62,000 $50.000 1 pts Question 11 Which one of the following is an example of physical capital? Delivery truck Copyright Common stock Bonds 1 pts Question 12 At the beginning of the year, ABC's Accounts Payable balance was $75,000. During the year ABC paid its suppliers $9,710,000 and at the end of the year the firm's Accounts Payable balance owed was $165,000. How much did ABC purchase on credit over the course of the year? 59,800,000 59.797.000 $9.792.000 59.796,000

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