Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Blue Spruce Corp. had an increase in inventory of $139200. The cost of goods sold was $649600. There was a $34800 decrease in accounts payable
Blue Spruce Corp. had an increase in inventory of $139200. The cost of goods sold was $649600. There was a $34800 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Blue's cash payments to suppliers? $440800. $510400. $754000. $823600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started