Newton Corporation reported an increase in inventory of $85,000.The cost of goods sold for the year was $170,000.There was also a $4000 decrease in accounts payable from the beginning of the year to the end of the year.What is Newton's cash payment to suppliers for inventory?
A)$174,000
B)$251,000
C)$255,000
D)$259,000

Question

Quizplus · Accepted Answer

170,000 + 85,000 + 4000 = 259,000

Newton Corporation Reported an Increase in Inventory of $85,000