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Determine the amount of purchases during the year

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Problem - Working Backward: Cost of Goods Sold and the Statement of Cash Flows - Texas Corp.'s statement of cash flows reported an addition of $6,000 for the change in the Inventory account during the year. Cost of goods sold expense on the income statement amounted to $50,000.

Required - Determine the amount of purchases during the year.

Reference no: EM132852679

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