Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. using the direct method, if purchases are 3,000,00

Using the direct method, if purchases are 3,000,000 and the decrease in accounts payable is...

80.2K

Verified Solution

Question

Accounting

image
Using the direct method, if purchases are 3,000,000 and the decrease in accounts payable is 300,000, how much is the cash paid for merchandise? A. 3,600,000 B. 3,300,000 C. 3,000,000 D. 2,700,000 E. None of the above

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Argon at 400 K and 50 bar is adiabatically and reversibly expanded to 1 bar through...

Chemistry
Q

Assume you are making a compisite material airplane, which has ligter weight and more fuel effciency....

Mechanical Engineering
Q

Which statement best defines a travelogue?A travelogue is the place in which a fictional story...

Biology
Q

Which of the following is not one of the five kingdoms established by Robert Whittaker...

Biology
Q

Which one of the following sequences best describes the flow of information when a gene...

Biology
Q

A researcher ran an analysis to understand if corporate culture was related to business revenue...

Statistics
Q

The first step in the SPC execution phase is: Group of answer choices To develop...

Accounting
Q

A manufacturer of exercise equipment sets a suggested price to the consumer of $395 for...

Accounting
Q

Nancy Howe, your staff assistant on the April 30, 20X2, audit of Wilcox Company, was...

Accounting
Q

Aadaki tablo bir Hazine eridi rneinin fiyatlarn gstermektedir. Her erit vade sonunda tek bir deme...

Finance
Q

Show your work 6. When there is agreement between a measure or description and the...

Accounting
Q

Please help somewhat confused on all parts Repair calls are handled by one repairman...

Finance