Accounts payable balance for P company is 20000 JD, Accounts payable balance for S company is 17000 JD, Accounts payable balance for R company is 18000 JD. P sold inventory to S on account for 4000 JD and S sold P on account for 6000 JD and S sold R on account for 3000 JD. Compute consolidated balance for accounts payable. Select one: a. 40000 b. 42000 c. 44000 d. 46000
Accounts payable balance for P company is 20000 JD, Accounts payable balance for S company is 17000 JD, Accounts payable balance for R company is 18000 JD. P sold inventory to S on account for 4000 JD and S sold P on account for 6000 JD and S sold R on account for 3000 JD. Compute consolidated balance for accounts payable. Select one: a. 40000 b. 42000 c. 44000 d. 46000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accounts payable balance for P company is 20000 JD, Accounts payable balance for S company is 17000 JD, Accounts payable balance for R company is 18000 JD. P sold inventory to S on account for 4000 JD and S sold P on account for 6000 JD and S sold R on account for 3000 JD. Compute consolidated balance for accounts payable.
Select one:
a. 40000
b. 42000
c. 44000
d. 46000
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