Question
A company reported cost of goods sold of $440,000 for the year. During the year, inventory increased by 12,000 and accounts payable increased by 2000.
A company reported cost of goods sold of $440,000 for the year. During the year, inventory increased by 12,000 and accounts payable increased by 2000. How much is the cash paid for merchandise purchased during the year?
a. 430,000
b. 426,000
c. 452,000
d. 450,000
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Plant Auditing A Powerful Tool For Improving Metallurgical Plant Performance
Authors: Deepak Malhotra
1st Edition
0873354125, 978-0873354127
