A company's Inventory balance decreased by $18,000 during the year.Its Accounts Payable balance decreased by $6,000,and its cost of goods sold for the year was $340,000.The company's total amount of cash payments for merchandise during the year equals:
A) $340,000.
B) $316,000.
C) $364,000.
D) $328,000.
E) $358,000.
Correct Answer:
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