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Determine the amount of cash payments for merchandise

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Problem - Cash paid for merchandise purchases

The cost of merchandise sold for Kohl's Corporation for a recent year was $10,680 million. The balance sheet showed the following current account balances (in millions):

 

Balance, End of Year

Balance, Beginning of Year

Merchandise inventories

$2,923

$2,799

Accounts payable?

2,374

1,827?

Required - Determine the amount of cash payments for merchandise.

Reference no: EM132683902

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