Question
Ayayai Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2024, Ayayai Company
Ayayai Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31, 2024, Ayayai Company reports the following: Sales on account $2010000 Cash sales 1113000 Decrease in accounts receivable 918000 Increase in accounts payable 106000 Increase in inventory 75000 Cost of goods sold 1575000 What amount of cash payments to suppliers will be reported by Ayayai Company for the year ended December 31, 2024?
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College Accounting
Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille
11th edition
978-1111528300, 1111528128, 1111528306, 978-1111528126
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