The cost of merchandise sold during the year was $50,000 . Merchandise inventories were $12,500 and $10,500 atthe beginning and end of the year, respectively. Accounts payable were $6,000 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. $49,000
b. $47,000
c. $51,000
d. $53,000
a
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