Up and Away Unlimited provides the following information for the period ended 30 June 2014: $$\begin{array} { | l | r | }
\hline & \$ 0 \
\hline \text { Cost of goods sold for the year } & 450 \
\hline \text { Discounts received for early payment to suppliers } & 25 \
\hline \text { Opening balance of trade creditors } & 210 \
\hline \text { Closing balance of trade creditors } & 240 \
\hline \text { Opening balance of inventory } & 111 \
\hline \text { Closing balance of inventory } & 130 \
\hline
\end{array}$$ What is the cash paid to suppliers for the period?
A)$376 000
B)$415 000
C)$474 000
D)$426 000

Question

Up and Away Unlimited provides the following information for the period ended 30 June 2014: $$\begin{array} { | l | r | } 
\hline & \$ 0 \
\hline \text { Cost of goods sold for the year } & 450 \
\hline \text { Discounts received for early payment to suppliers } & 25 \
\hline \text { Opening balance of trade creditors } & 210 \
\hline \text { Closing balance of trade creditors } & 240 \
\hline \text { Opening balance of inventory } & 111 \
\hline \text { Closing balance of inventory } & 130 \
\hline
\end{array}$$ What is the cash paid to suppliers for the period?
A)$376 000
B)$415 000
C)$474 000
D)$426 000

Quizplus · Accepted Answer

The Answer of Up and Away Unlimited provides the following information for the period ended 30 June 2014: $$\begin{array} { | l | r | } 
\hline & \$ 0 \
\hline \text { Cost of goods sold for the year } & 450 \
\hline \text { Discounts received for early payment to suppliers } & 25 \
\hline \text { Opening balance of trade creditors } & 210 \
\hline \text { Closing balance of trade creditors } & 240 \
\hline \text { Opening balance of inventory } & 111 \
\hline \text { Closing balance of inventory } & 130 \
\hline
\end{array}$$ What is the cash paid to suppliers for the period?
A)$376 000
B)$415 000
C)$474 000
D)$426 000

Up and Away Unlimited Provides the Following Information for the Period