The Merchandise Inventory for Year 1 Was $100,000 and for Year

question 57

Multiple Choice

The Merchandise Inventory for Year 1 was $100,000 and for Year 2 was $94,000. The Accounts Payable account for Year 1 was $40,000 and for Year 2 was $42,000. Cost of goods sold for Year 2 was $460,000. What was the total amount for cash payments for merchandise for Year 2?

• A) $452,000.
• B) $456,000.
• C) $448,000.
• D) $84,000.
• E) $449,000.

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Definitions:

Spiritual Awareness

The recognition and acknowledgement of a deeper sense of meaning or connectedness beyond the physical or personal self.

Energy Forces

Conceptual powers believed to influence or control aspects of the physical or spiritual world, often discussed in the context of alternative medicine or metaphysics.

Care and Concern

Expressed attention and empathy towards someone's well-being and emotional or physical state, often demonstrated through supportive actions or nurturing behavior.

Attuning

The process of becoming or making aware, sensitive, or responsive to something, especially the emotional needs of another.