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Rockhouse Corp. reported the following on its statement of financial position: June 30, 20X5 June 30, 20X4 Inventory $1,700,000 $1,500,000 Accounts payable $325,000 $440,000 Salaries
Rockhouse Corp. reported the following on its statement of financial position:
June 30, 20X5 | June 30, 20X4 | |
Inventory | $1,700,000 | $1,500,000 |
Accounts payable | $325,000 | $440,000 |
Salaries payable | $600,000 | $500,000 |
For the year ended June 30, 20X5, Rockhouse reported cost of goods sold of $3,900,000 on the statement of comprehensive income. Using the direct method, what amount would be reported by Rockhouse under the operating activities section in the statement of cash flows for the year ended June 30, 20X5, for cash paid to suppliers?
Question options:
a | $3,585,000 |
b | $3,685,000 |
c | $4,115,000 |
d | $4,215,000 |
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