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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.
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