Squeeze Company reports the following: End of Year Beginning of Year
Inventory $25,000 $42,000
Accounts Payable 22,000 12,000
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

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The Answer of Squeeze Company reports the following: End of Year Beginning of Year
Inventory $25,000 $42,000
Accounts Payable 22,000 12,000
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: End of Year Beginning of Year