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29 October, 18:28

XYZ Corporation reported a $35,000 increase in inventory and a $7,000 decrease in accounts payable during the year. XYZ's cost of goods sold amounted to $185,000. Under the direct method of reporting cash flows from operating activities, cash payments to suppliers amounted to:

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  1. 29 October, 18:55
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    42,000

    Explanation:

    net inventory change + net a/p change
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