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Pina Colada Corp. reports a $22000 increase in inventory and a $5500 decrease in accounts payable during the year. Cost of Goods Sold for
Pina Colada Corp. reports a $22000 increase in inventory and a $5500 decrease in accounts payable during the year. Cost of Goods Sold for the year was $310200. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were $310200. $282700. $337700. $288200. Metlock, Inc. had credit sales of $1440000. The beginning accounts receivable balance was $149000 and the ending accounts receivable balance was $252000. Using the direct method of reporting cash flows from operating activities, what were the cash collections from customers during the period? $1337000. $1440000. $1635000. $1589000 Sunland Company reports a $19000 increase in inventory and a $4800 decrease in accounts payable during the year. Cost of Goods Sold for the year was $270700. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were $251700. $270700. $294500. $246900
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