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Seachest Company Reports the Following: If Cost of Goods

Question 161

Multiple Choice

Seachest Company reports the following: Seachest Company reports the following:   If cost of goods sold for the year is $240,000, the amount of cash paid to suppliers using the direct method is A) $245,000. B) $235,000. C) $205,000. D) $280,000. If cost of goods sold for the year is $240,000, the amount of cash paid to suppliers using the direct method is


A) $245,000.
B) $235,000.
C) $205,000.
D) $280,000.

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