Wahoo Company reported cost of goods sold of $450,000 in the Income Statement for the year ended
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Question:
- Wahoo Company reported cost of goods sold of $450,000 in the Income Statement for the year ended December 31, 2022. Changes in the following balance sheet accounts were as follows:
- Inventory $160,000decrease
- Accounts payable-suppliers 40,000decrease
- What amount of cash did Wahoo pay to suppliers in the current year?
Related Book For
Intermediate Accounting
ISBN: 978-0470161012
9th Canadian Edition, Volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
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