Question
Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2015, Alex Company reports
Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2015, Alex Company reports the following activity:
| Sales on account | $1,400,000 |
| Cash sales | 740,000 |
| Decrease in accounts receivable | 610,000 |
| Increase in accounts payable | 72,000 |
| Increase in inventory | 48,000 |
| Cost of goods sold | 1,050,000 |
What is the amount of cash payments to suppliers reported by Alex Company for the year ended December 31, 2015?
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Applied Regression Analysis And Other Multivariable Methods
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
5th Edition
1285051084, 978-1285963754, 128596375X, 978-1285051086
