The cost of merchandise sold for Patterson Corporation for a recent year was $8,629 million. The balance sheet showed the following current account balances (in millions Balance, End of Year Balance, Beginning of Year Merchandise inventories $2,261 $1,950 Accounts payable 811 725 Determine the amount of cash payments for merchandise. million

The cost of merchandise sold for Patterson Corporation for a recent year was $8,629 million. The balance sheet showed the following current account balances (in millions Balance, End of Year Balance, Beginning of Year Merchandise inventories $2,261 $1,950 Accounts payable 811 725 Determine the amount of cash payments for merchandise. million

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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