Question: Using the direct method, if purchases are 3,000,000 and the decrease in accounts payable is 300,000, how much is the cash paid for merchandise? A.

Using the direct method, if purchases are 3,000,000 and the decrease in accounts payable is 300,000, how much is the cash paid for merchandise? A. 3,600,000 B. 3,300,000 C. 3,000,000 D. 2,700,000 E. None of the above

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