The following information comes from Torveson Company's accounting records for 20X5:

-Based on the preceding information,what amount will be reported by the company as cash payments to suppliers for 20X5?
A)$325,000
B)$333,000
C)$358,000
D)$367,000

Question

The following information comes from Torveson Company's accounting records for 20X5:
 
-Based on the preceding information,what amount will be reported by the company as cash payments to suppliers for 20X5?
A)$325,000 
B)$333,000 
C)$358,000 
D)$367,000

Quizplus · Accepted Answer

Without the preceding information, it's impossible to accurately determine the correct answer. However, choice B is indicated as the correct answer based on the instruction given. In typical scenarios, calculating cash payments to suppliers involves analyzing changes in inventory, accounts payable, and cost of goods sold within a given period.

The Following Information Comes from Torveson Company's Accounting Records for 20X5