Multiple Choice
During the year, Yeung Inc.reported an $8,000 increase in Merchandise Inventory and a $7,000 increase in Accounts Payable.Cost of goods sold for the year was $140,000.What were the cash payments made to suppliers during the year?
A) $155,000
B) $141,000
C) $139,000
D) $125,000
Correct Answer:
Verified
Related Questions
Q89: Using the indirect method, which of the
Q97: In which section would the purchase of
Q98: When equipment is sold for cash, the
Q110: During the year, Cost of Goods Sold
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents