Beginning and ending balances for relevant balance sheet accounts are as follows:
During 2010, cost of goods sold was $148,000. Calculate the amount of cash paid to suppliers of merchandise inventory.

Question

Beginning and ending balances for relevant balance sheet accounts are as follows:
  During 2010, cost of goods sold was $148,000. Calculate the amount of cash paid to suppliers of merchandise inventory.

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The Answer of Beginning and ending balances for relevant balance sheet accounts are as follows:
  During 2010, cost of goods sold was $148,000. Calculate the amount of cash paid to suppliers of merchandise inventory.

Beginning and Ending Balances for Relevant Balance Sheet Accounts Are