Determine the amount of cash payments for merchandise

The cost of merchandise sold for Kohl's Corportation for a recent year was $10,680 million. The balance sheet showed the following current account balances (in millions):

  • Balance, End of Year Balance, Beginning of Year
  • Merchandise inventories $2,923 $2,799
  • Accounts Payable $2,374 $1,827

Determine the amount of cash payments for merchandise.

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Accounting Basics: Determine the amount of cash payments for merchandise
Reference No:- TGS0702988

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