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Duke Co. reported cost of goods sold of $270,000 for the current year. Additional information is as follows: December 31 January 1 Inventory $60,000 $45,000 Accounts payable 26,000 39,000 If Duke uses the direct method, what amount should Duke report as cash paid to suppliers in its current year statement of cash flows?
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Duke Co. reported cost of goods sold of $270,000 for the current year. Additional information is as...
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