A Company Reported the Following Information: Assuming All Merchandise

question 40

Multiple Choice

A company reported the following information: Assuming all merchandise purchases were on account, how much cash was paid to suppliers for merchandise purchases during 2020?

• A)$1,005,000
• B)$1,050,000
• C)$ 995,000
• D)$1,020,000

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Definitions:

Straighten

To make something orderly or aligned; to correct from a bent or twisted position.

Ear Canal

The narrow tube through which sound waves travel from the outer ear to the eardrum.

Up And Back

A technique often used for administering ear drops or examining the ear, where the ear is pulled upward and backward to straighten the ear canal.

Macular Degeneration

A medical condition that results in blurred or no vision in the center of the visual field due to damage to the macula of the retina.