Center Products Company
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Center Products Company prepared its statement of cash flows at year-end using the direct method. The following amounts were used in the computation of cash flows from operating activities: |
|
Beginning inventory |
300,000.00 |
Ending inventory |
150,000.00 |
Cost of good sold |
1,300,000.00 |
Beginning accounts payable |
400,000.00 |
Ending accounts payable |
200,000.00 |
(a) What amount should Center Products Company report as cash paid to suppliers for inventory purchases? |
|
(b) Present your calculations to assist others to understand the value you present as the cash paid to suppliers for inventory purchases. |
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