Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the company's 2022 statement of cash flows reporte

THE Company's 2022 statement of cash flows reported cash paid to suppliers for purchases of...

80.2K

Verified Solution

Question

Accounting

THE Company's 2022 statement of cash flows reported cash paid to suppliers for purchases of inventory of $367,000. The following accounts were taken from THE Company's balance sheets during 2022: Jan. 1, 2022 Dec. 31, 2022 Accounts payable 69,000 36,000 Accounts receivable 79,000 84,000 Inventory 26,000 85,000 Calculate the amount of cost of goods sold shown on THE Company's 2022 income statement.

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!
Become a Member

Other questions asked by students

Q

Even though episiotomy procedures are declining, why might this medical procedure be performed before or during childbirth? 2)....

Medical Sciences
Q

Four identical cells each of e m f 2 V are joined in parallel providing...

Physics
Q

gure shows a particle of charge q and mass m moving with velocity v along...

Physics
Q

A diminished image of an object is to be 34 obtained on a screen 1...

Physics
Q

Question 4 Find the average rate of change of g n 8a 9 04 on...

Basic Math
Q

ch the graph that possesses the characteristics listed f is concave down at 1 5...

Basic Math
Q

12 a Prove that one of the primes that divides a number of the form...

Statistics
Q

3 Find the area of the triangle determined by points A 1 2 0 B...

Algebra
Q

what is the fixed overhead volume variance? (assume the allocation based for fixed overhead costs...

Accounting
Q

11. Explain the probable income tax treatment of a family member's sale of property to...

Accounting
Q

Problem 9-2A Entries for payroll transactions P2 P3 On January 8, the end of the...

Accounting
Q

Cove's Cakes is a local bakery. Price and cost information follows: $ 14.31 Price per...

Accounting