Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. cost of goods sold during the year was $305,000. i

cost of goods sold during the year was $305,000. Inventory decreased by $10,000 during the...

90.2K

Verified Solution

Question

Accounting

cost of goods sold during the year was $305,000. Inventory decreased by $10,000 during the year and accounts payable decreased by $12,000 during the year. using the direct method of reporting cash flows from operating activties, cash payments for inventory total

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1 Find x if m NMY x 10 m NML 17x and m YML 150

Geometry
Q

A construction worker pulls a five-meter plank up the side of a building under construction by...

Basic Math
Q

A researcher decides to analyze the effects of nutrition on personality. He collects 7 pairs of...

Basic Math
Q

Apply Kohlberg's perspectives regarding encouraging post-conventional moral development, perspectives regarding Erikson's generativity, and perspectives regarding pursuits of eudaimonic...

Psychology
Q

1) List, define and provide examples for each of the (3) major theoretical approaches in sociology. 2)...

Psychology
Q

COMPUTING LESLIE MATRIX Example After one year, we have only 250 fishes left. And then 125 have...

Advance Math
Q

It is said that net cash flow is the same as economic profit. How is it?...

General Management
Q

4 5 pts 6 1 17 Sketch the region bounded by y x and y...

Calculus
Q

Provide the missing data in the following table for a distributor of martial arts products:...

Accounting
Q

Activity-Based Costing and Product Cost Distortion Handbrain Inc. is considering a change to activity based...

Accounting
Q

Striking at the Queen After being offered the "enticements" by Foster, chairman of the...

Accounting
Q

2. Lavalan Industries has sales of $46,230, costs of goods sold of $27,742.50, inventory of...

Accounting