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Determine the amount of cash paid for inventory

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Reference no: EM132634163

Question - GG Pty Ltd's accounting records show:

Beginning Balance Ending Balance

'000 '000

Accounts payable $12 $8

Inventory $25 $21

Cost of sales - $50

Required - Determine the amount of cash paid for inventory for the period.

A. $48,000.

B. $58,000.

C. $42,000.

D. $50,000.

Reference no: EM132634163

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