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The following information was taken from the 2015 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2015 $ 90,000 Inventory, December 31, 2015 120,000
The following information was taken from the 2015 financial statements of Jenny Gardner Corporation: Inventory, January 1, 2015 $ 90,000 Inventory, December 31, 2015 120,000 Accounts payable, January 1, 2015 75,000 Accounts payable, December 31, 2015 120,000 Sales revenue 600,000 Cost of goods sold 400,000 If the direct method is used in the 2015 statement of cash flows, what amount should Jenny Gardner report as cash payments to suppliers?
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