Buckle Company reported the following information for 2011 and 2012. Assume that all merchandise purchases are on account. Under direct method how much cash was paid to suppliers for inventory purchases during 2012?
A) $1,005,000
B) $1,050,000
C) $ 995,000
D) $1,020,000

Question

Buckle Company reported the following information for 2011 and 2012.  Assume that all merchandise purchases are on account. Under direct method how much cash was paid to suppliers for inventory purchases during 2012?
A) $1,005,000 
B) $1,050,000 
C) $ 995,000 
D) $1,020,000

Quizplus · Accepted Answer

The Answer of Buckle Company reported the following information for 2011 and 2012.  Assume that all merchandise purchases are on account. Under direct method how much cash was paid to suppliers for inventory purchases during 2012?
A) $1,005,000 
B) $1,050,000 
C) $ 995,000 
D) $1,020,000

Buckle Company Reported the Following Information for 2011 and 2012