Solution-Cost of goods sold from its income statement

Cost of goods sold from its income statement

Reference no: EM13866995

Given the following information, convert Cardinal Company's cost of goods sold from its income statement into payments to suppliers for its statement of cash flows.

Cost of goods sold ............ $50,000

Increase in inventory .......... 23,000

Decrease in accounts payable ........ 15,000

Reference no: EM13866995

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Cost of goods sold from its income statement

Reference no: EM13866995

Reference no: EM13866995

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