Cash paid for merchandise purchases
The cost of merchandise sold for Kohl's Corporation for a recent year was $10,680 million. The balance sheet showed the following current account balances (in millions):
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Balance, End of Year
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Balance, Beginning of Year
|
|
Merchandise inventories
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$2,923
|
$2,799
|
|
Accounts payable
|
2,374
|
1,827
|
Determine the amount of cash payments for merchandise.