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The correct answer should be A, but please show work. (7.5 POINTS) The following information was taken from the 2013 financial statements of Jenny Gardner
The correct answer should be A, but please show work.
(7.5 POINTS) The following information was taken from the 2013 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2013 Inventory, December 31, 2013 Accounts payable, January 1, 2013 Accounts payable, December 31, 2013 Sales Cost of goods sold S 90,000 120,000 75,000 120,000 600,000 420,000 If the direct method is used in the 2013 statement of cash flows, what amount should Jenny Gardner report as cash payments to suppliers? A) $405,000 B) $450,000 C) $465,000 D) $495,000Step by Step Solution
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