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What is the cash payment to suppliers of inventory

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Inventories Balance on 30th June 2016: $5,000

Inventories Balance on 30th June 2017: $3,000

Accounts payables on 30th June 2016: $12,000

Accounts payables on 30th June 2017: $15,000

Cost of goods sold for the year ended 30th June 2017: $50,000

What is the cash payment to suppliers of inventory during the year 2017?

 

 

Reference no: EM132593527

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