Question: 130000 is not the correct answer for decrease in inventory The income statement for Piura Merchandising Corporation is as follows: Other information is as follows:

 130000 is not the correct answer for decrease in inventory The

income statement for Piura Merchandising Corporation is as follows: Other information is

as follows: A. Accounts payable decreased by $18,000 during the year. B.

130000 is not the correct answer for decrease in inventory

The income statement for Piura Merchandising Corporation is as follows: Other information is as follows: A. Accounts payable decreased by $18,000 during the year. B. Accounts receivable increased by $18,000. C. All wages were paid at the beginning of the year, at the end of the year, wages payable had a balance of $14,000. D. Prepaid insurance increased by $22,000 during the year. The income statement for Piura Merchandising Corporation is as follows: Other information is as follows: A. Accounts payable decreased by $18,000 during the year. B. Accounts receivable increased by $18,000. C. All wages were paid at the beginning of the year, at the end of the year, wages payable had a balance of $14,000. D. Prepaid insurance increased by $22,000 during the year

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