If a company's Cost of Goods Sold is $158,800 for the period, beginning and ending Inventory balances are $18,400 and $13,400, respectively, and the beginning and ending Accounts Payable balances are $21,000 and $7,900, respectively, what is the amount of the cash paid to suppliers? Multiple Choice   $156,200   $164,300   $166,900   $150,700

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
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If a company's Cost of Goods Sold is $158,800 for the period, beginning and ending Inventory balances are $18,400 and $13,400, respectively, and the beginning and ending Accounts Payable balances are $21,000 and $7,900, respectively, what is the amount of the cash paid to suppliers?

Multiple Choice
  •  
    $156,200
  •  
    $164,300
  •  
    $166,900
  •  
    $150,700
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