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A company uses the direct method to present operational activities. The cost of assets sold for 2021 was $ 340,000. Ending inventory was $ 60,000
A company uses the direct method to present operational activities. The cost of assets sold for 2021 was $ 340,000. Ending inventory was $ 60,000 greater than Initial inventory. The accounts payable balance on December 31, 2021 was $ 20,000 higher than the balance as of January 1, 2021. The amount of cash paid to suppliers (suppliers) it was: a. $ 420,000 b. $ 260,000 c. $ 380,000 d. $ 300,000
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