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tempted: 22/40 The following information relates to questions 16 & 17: Kevin Company had the following account balances at the end of Years 1 and

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tempted: 22/40 The following information relates to questions 16 & 17: Kevin Company had the following account balances at the end of Years 1 and 2: Year 1 Year 2 $220 $320 150 200 90 80 Accounts Receivable inventory Accounts Payable . Additional Information: Sales/revenues reported on the Year 2 Statement of Earnings were $200. All sales/revenues during the year were made on account. The company's Cost of Sales for Year 2 was $120 Accounts Payable pertain solely to inventory purchases. All inventories are purchased on account. There were no uncollectible amounts, and Kevin does not foresee any. 160140 Cash collections from customers for Year 2 amounted to: Select one: O a. $60 O b. $260 C. $280. O d. $100. Unsure 7 0 40 Cash paid for inventory purchases during Year 2 amounted to: Select one: O a. $160 O b. $180 O c. $800 O d. $60 Unsure rdia.ca/mod/quiz/secured.php#lockdown Pari hayably ILATELLE INCONTRACTILE

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