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Determine the cost of sales under cash basis

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Question - BB Incorporated reported purchases of 890,000 under accrual basis in 2021. During the year, it was determined that accounts payable has a net increase of 82,000 while advances to suppliers increased by 15,000. Beginning and ending inventories were 420,000 and 390,000 respectively. Determine the cost of sales under cash basis?

Reference no: EM133180957

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