Louisiana State University, Shreveport ACC ACC 701 Question: Based on the information below and considering that this company did not pay any money to its suppliers during the year, what is the
Based on the information below and considering that this company did not pay any money to its suppliers during the year, what is the company’s cost of goods sold for 2015? Assume that the only source of Accounts Payable is the purchase of inventory on credit.
Accounts payable $78,000 $189,160
b. The answer cannot be determined with the information provided
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