If a company's Cost of goods sold is $158,200 for the period, beginning and ending...
60.1K
Verified Solution
Link Copied!
Question
Accounting
If a company's Cost of goods sold is $158,200 for the period, beginning and ending Inventory balances are $18,100 and $13,100, respectively, and the beginning and ending Accounts Payable balances are $19,500 and $7,600, respectively, what is the amount of the cash paid to suppliers?
A.$156,800
B.$163,700
C.$165,100
D.$151,300
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: Flex AI - Your personal assistant for all your inquiries!
