Designer Paints Company uses the direct method for preparing its statement of cash flow.Designer Paints reports the following information regarding 2018: From the income statement:
Sales Revenues,$267,000
Cost of Goods Sold,$213,000
Operating Expenses,$33,000
From the balance sheet:
What amount will be shown for payments to suppliers for Merchandise Inventory purchases? (Assume that Accounts Payable are for purchases of merchandise inventory only. )
A)$207,300
B)$213,900
C)$200,700
D)$212,100

Question

Designer Paints Company uses the direct method for preparing its statement of cash flow.Designer Paints reports the following information regarding 2018: From the income statement:
Sales Revenues,$267,000
Cost of Goods Sold,$213,000
Operating Expenses,$33,000
From the balance sheet:
 What amount will be shown for payments to suppliers for Merchandise Inventory purchases? (Assume that Accounts Payable are for purchases of merchandise inventory only. )
A)$207,300 
B)$213,900 
C)$200,700 
D)$212,100

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Designer Paints Company Uses the Direct Method for Preparing Its