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What is the amount of cash payments

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Question - Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2015, Alex Company reports the following activity:

Sales on account $1,400,000

Cash sales 740,000

Decrease in accounts receivable 610,000

Increase in accounts payable 72,000

Increase in inventory 48,000

Cost of goods sold 1,050,000

What is the amount of cash payments to suppliers reported by Alex Company for the year ended December 31, 2015?

Reference no: EM132056212

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