Question
Following are five independent cases for Stiller Co. regarding cost of goods sold and the difference in inventory and accounts payable balances. Complete the following
Following are five independent cases for Stiller Co. regarding cost of goods sold and the difference in inventory and accounts payable balances. Complete the following table to show how these changes affect cash flows for payments for goods and services. Please note cash outflows should be entered as negative numbers. Please make sure your final answer(s) are accurate to the nearest whole number.
| case | Cost of goods sold | Inventory increase (Decrease) | Account payable increase (decrease) | Cash paid for goods and services |
| a | 476000 | (79000) | 4000 |
|
| b | 476000 | 81000 | 5000 |
|
| c | 476000 | (48000) | (12000) |
|
| d | 476000 | 48000 | (29000) |
|
| e | 476000 | 28000 | 34000 |
|
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Security And Loss Prevention An Introduction
Authors: Philip Purpura CPP Florence Darlington Technical College
7th Edition
0128117958, 9780128117958
