Squeeze Company reports the following: $$\begin{array} { l c c }
& \text { End of Year } & \text { Beginning of Year } \
\text { Inventory } & \$ 25,000 & \$ 42,000 \
\text { Accounts Payable } & 22,000 & 12,000
\end{array}$$ If cost of goods sold for the year is $220,000, the amount of cash paid to suppliers is
A) $227,000.
B) $205,000.
C) $193,000.
D) $247,000.

Question

Squeeze Company reports the following: $$\begin{array} { l c c } 
& \text { End of Year } & \text { Beginning of Year } \
\text { Inventory } & \$ 25,000 & \$ 42,000 \
\text { Accounts Payable } & 22,000 & 12,000
\end{array}$$ If cost of goods sold for the year is $220,000, the amount of cash paid to suppliers is
A) $227,000.
B) $205,000.
C) $193,000.
D) $247,000.

Quizplus · Accepted Answer

The Answer of Squeeze Company reports the following: $$\begin{array} { l c c } 
& \text { End of Year } & \text { Beginning of Year } \
\text { Inventory } & \$ 25,000 & \$ 42,000 \
\text { Accounts Payable } & 22,000 & 12,000
\end{array}$$ If cost of goods sold for the year is $220,000, the amount of cash paid to suppliers is
A) $227,000.
B) $205,000.
C) $193,000.
D) $247,000.

Squeeze Company Reports the Following If Cost of Goods Sold for the Year Is $220,000