Question: Naida decided to open a candle shop During her first
Naida decided to open a candle shop. During her first month of business, she purchased candles from the supplier for a total of $500 and paid in cash. She sold half of those candles during the month. On the income statement for the month, what amount would appear for the cost of goods sold expense? On the statement of cash flows for the month, what amount would appear as the cash paid to suppliers?
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