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What amount should company report as cash paid

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Question - Company's 2014 income statement reported cost of goods sold as $135,000. Additional information is as follows:

December 31, 2014

Inventory $30,000

Accounts Payable $13,000

December 31, 2013

Inventory $22,500

Accounts Payable $19,500

If Company uses the DIRECT METHOD, what amount should Company report as cash paid to suppliers in its 2014 statement of cash flows?

Reference no: EM131912593

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