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Crenshaw Inc

Question 42

Multiple Choice

Crenshaw Inc. had the following information related to last year's purchases: Crenshaw Inc. had the following information related to last year's purchases: What amount would be reported as cash outflows for purchases on the statement of cash flows using the direct method? A) $527,000 B) $493,000 C) $475,000 D) $457,000 What amount would be reported as "cash outflows for purchases" on the statement of cash flows using the direct method?


A) $527,000
B) $493,000
C) $475,000
D) $457,000

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