During the year a company’s inventory increased by $6,000,000. Its accounts payable increased by $5,000,000 during the year. For the year cost of goods sold was $25,000,000. What amount of cash was paid to suppliers
During the year a company’s inventory increased by $6,000,000. Its accounts payable increased by $5,000,000 during the year. For the year cost of goods sold was $25,000,000. What amount of cash was paid to suppliers
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter21: The Statement Of Cash Flows
Section: Chapter Questions
Problem 5MC
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During the year a company’s inventory increased by $6,000,000. Its accounts payable increased by $5,000,000 during the year. For the year cost of goods sold was $25,000,000. What amount of cash was paid to suppliers?
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