The cost of merchandise sold during the year was $45,000 . Merchandise inventories were $13,500 and $10,500 atthe beginning and end of the year, respectively. Accounts payable were $7,000 and $5,000 at the beginning andend of the year, respectively. Using the direct method of reporting cash flows from operating activities, cashpayments for merchandise total
a. $46,000
b. $44,000
c. $50,000
d. $40,000
b
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