Dooling Corporation Reported Balances in the Following Accounts for the Current

question 37

Multiple Choice

Dooling Corporation reported balances in the following accounts for the current year: $\begin{array}{llr}&\text { Beginning } & {\text { Ending }} \\Inventories&\$ 600 & \$ 300 \\Accounts ~payable&300 & 500\end{array}$ Cost of goods sold was $7,500. What was the amount of cash paid to suppliers?

• A) $7,000.
• B) $7,200.
• C) $7,300.
• D) $7,500.

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Analgesic

A type of medication used to relieve pain without causing loss of consciousness.

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Footwear designed with a textured pattern on the bottom to prevent slipping on surfaces.

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The physical strength of the muscles in the upper part of the body, including the arms, shoulders, chest, and back.

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