How much cash was paid for merchandise purchased

Assignment Help Accounting Basics

Reference no: EM131896436

Problem

KRJ Corporation reported cost of goods sold of $819 million for the year. Inventory at the beginning of the year was $131 million and at the end of the year it was $209 million. Accounts payable at the beginning of the year was $162 million and at the end of the year it was $117 million. How much cash (in $ millions) was paid for merchandise purchased during the year?

Reference no: EM131896436

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