Question
Einstein Corporation reported a decrease in inventory of $ 12 comma 000 . The cost of goods sold for the year was $ 200,000 .
Einstein Corporation reported a decrease in inventory of $ 12 comma 000 . The cost of goods sold for the year was $ 200,000 . There was also a $ 3, 000 decrease in accounts payable from the beginning of the year to the end of the year. What is? Einstein's cash payment to suppliers for? inventory? A. $ 215, 000 . B. $ 191,000 .
C. $ 209,000 . D. $ 185,000 .
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
