The cost of goods sold during the year was $275,000. Inventory decreased by $10,000 during the year and accounts payable decreased by $12,000 during the year. Using the direct method of reporting cash flows from operating activities, cash payments for inventory total

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The Answer of The cost of goods sold during the year was $275,000. Inventory decreased by $10,000 during the year and accounts payable decreased by $12,000 during the year. Using the direct method of reporting cash flows from operating activities, cash payments for inventory total

The Cost of Goods Sold During the Year Was $275,000