Crenshaw Inc had the following information related to last year's purchases: Cost of goods purchased $510,000 Accounts payable - beginning 35,000 Accounts payable - ending 18,000 What amount would be reported as "cash outflows for purchases" on the statement of cash flows using the direct method?
A) $527,000
B) $493,000
C) $475,000
D) $457,000
A
Business
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