The following information was taken from the 2014 annual report of Bed Bath & Beyond, a leading
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a. Assume that accounts payable reflects only accounts with inventory suppliers, and compute the cash payments made to suppliers during 2014.
b. Would this dollar amount be disclosed on the statement of cash flows? Explain.
Transcribed Image Text:
2014 2013 Cost of goods $6,938,381 $7,261,397 sold 2,578,956 Inventory 2,731,881 Accounts payable 1,156,368 1,104,668
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a Calculation of payments made to suppliers during 2014 in thousands Step One Inventory 123113 25789...View the full answer
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