Question
19. A company uses the direct method to present operational activities. The cost of goods sold for 2021 was $ 340,000. The ending inventory was
19. A company uses the direct method to present operational activities. The cost of goods sold for 2021 was $ 340,000. The ending inventory was $ 60,000 greater than the beginning inventory. The accounts payable balance on December 31, 2021 was $ 20,000 greater than the balance on January 1, 2021. The amount of cash paid to suppliers was:
a. $ 420,000
b. $ 260,000
c. $ 380,000
d. $ 300,000
19. A company uses the direct method to present operational activities. The cost of goods sold for 2021 was $ 340,000. The ending inventory was $ 60,000 greater than the beginning inventory. The accounts payable balance on December 31, 2021 was $ 20,000 greater than the balance on January 1, 2021. The amount of cash paid to suppliers was:
a. $ 420,000
b. $ 260,000
c. $ 380,000
d. $ 300,000
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Business Accounting Uk Gaap Volume 1
Authors: Frank Wood, Alan Sangster
1st Edition
0273718762, 9780273718765
