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Question
Pipe Corporation reported cost of goods sold of $250,000 for 2012. It also reported an increase in inventory for the year of $30,000, and an increase in accounts payable of $24,000. Pipe would report cash paid to suppliers in 2012 under the direct method for cash flows of
A. $250,000.
B. $256,000.
C. $280,000.
D. $304,000.
Answer
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