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The cost of merchandise sold during the year was $54,000. Merchandise inventories were $10,500 and...

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Accounting

The cost of merchandise sold during the year was $54,000. Merchandise inventories were $10,500 and $12,500 at the beginning and end of the year, respectively. Accounts payable were $6,000 and $9,000 at the beginning and end of the year, respectively. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total

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200 units at $8 175 units 13 Purchase 25 Sale