The cost of goods sold during the year was $183500. Merchandise inventory decreased by $8300...

70.2K

Verified Solution

Question

Accounting

The cost of goods sold during the year was $183500. Merchandise inventory decreased by $8300 during the year and accounts payable decreased by $3900 during the year. Using the direct mwthid of reporting cash flows from operating activities, cash payments for merchandise total

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students