Gonzo Company reports a $25,000 increase in inventory and a $12,000 decrease in accounts payable...
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Accounting
Gonzo Company reports a $25,000 increase in inventory and a $12,000 decrease in accounts payable during the year. Cost of Goods Sold for the year was $185,000. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were
A)
$185,000.
B)
$197,000.
C)
$222,000.
D)
$148,000.
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