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Business, 29.08.2019 04:30 maxy7347go

Acompany's inventory balance at 12/31/16 was $188,000 and $200,000 at 12/31/15. its accounts payable balance at 12/31/16 was $84,000 and $80,000 at 12/31/15, and its cost of goods sold for 2016 was $720,000. the company's total amount of cash payments for merchandise in 2016 equals: 1) $728,000.2) $712,000.3) $704,000.4) $720,000.5) $736,000.

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Acompany's inventory balance at 12/31/16 was $188,000 and $200,000 at 12/31/15. its accounts payable...
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