The following information was taken from the 2008 annual report of Bed Bath & Beyond, a leading
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The following information was taken from the 2008 annual report of Bed Bath & Beyond, a leading household retailer (dollars in thousands).
a. Assume that accounts payable reflects only accounts with inventory suppliers, and compute the cash payments made to suppliers during 2008.b. Would this dollar amount be disclosed on the statement of cash flows?Explain.
Transcribed Image Text:
2007 2008 $4,123,711 1,616,981 Cost of goods sold Inventory Accounts payable $4,335,104 1,642,339 514,734 570,605
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a Calculation of payments made to suppliers during 2008 Step One Inventory 2007 1616981 thousand Pur...View the full answer
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