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A Company Recorded Net Purchases of $20

Question 91

Multiple Choice

A company recorded net purchases of $20.3 billion for 20X2. In 20X1, ending trade payables was $1.2 billion and in 20X2, it was $1.6 billion. How much cash was paid to suppliers in 20X2?


A) $18.7 billion
B) $19.9 billion
C) $20.7 billion
D) $21.9 billion

Correct Answer:

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