Miller Company reports a $30,000 increase in inventory and a $10,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $300,000.
The cash payments made to suppliers were:
A) $300,000
B) $260,000
C) $320,000
D) $290,000

Question

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The Answer of Miller Company reports a $30,000 increase in inventory and a $10,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $300,000.
The cash payments made to suppliers were:
A) $300,000
B) $260,000
C) $320,000
D) $290,000

Miller Company Reports a $30,000 Increase in Inventory and a $10,000