Using the direct method, if purchases are 3,000,000 and the decrease in accounts payable is...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Using the direct method, if purchases are 3,000,000 and the decrease in accounts payable is 300,000, how much is the cash paid for merchandise? A. 3,600,000 B. 3,300,000 C. 3,000,000 D. 2,700,000 E. None of the above
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: Zin AI - Your personal assistant for all your inquiries!
