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a 1 3 6 . Utley Company had a cost of purchases of $ 2 5 0 , 0 0 0 . The comparative statement

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a136. Utley Company had a cost of purchases of $250,000. The comparative statement of financial posititon analysis revealed a $10,000 decrease in inventory and a $20,000 increase in accounts payable. What were Utley's cash payments to suppliers?
a. $230,000
b. $220,000
c. $260,000
d. $280,000
Ans: a, SO: 6, Bloom: AP, Dilficulty: Hard, Min: 3, AACSE: None, AICPA BB: Legal/Regulatory, AICPA FN: Measurement, AICPA PC: Problem Solving, IMA: FSA
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