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Business, 28.02.2020 22:46 aevans3503

In its year-end income statement, Black Knights Company reported cost of goods sold of $450,000. Changes occurred in several balance sheet accounts during the year as follows: Inventory $160,000 decrease Accounts payable-suppliers 40,000 decrease What amount should the Black Knights Company report as cash paid to suppliers in its cash flow statement, prepared under the direct method?

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In its year-end income statement, Black Knights Company reported cost of goods sold of $450,000. Cha...

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