The cost of merchandise sold during the year was $54,000. Merchandise inventories were $10,500 and $12,500 at the beginning and end of the year, respectively. Accounts payable were $6,000 and $9,000 at the beginning and end of the year, respectively. 

Using the direct method of reporting cash flows from operating activities, what will be the cash payments for total merchandise.

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To determine the cash payments for total merchandise using the direct method of reporting cash flows ... View the full answer