The following data pertaining to Quebecor Inc. are available for the year ended December 31, 2020: Change in A/R Change in Inventory Change in A/P Change in Unearned Revenue 23 95 -17 -99 Revenue 560 Cost of Goods Sold 220 Changes represent the balance at the end of the year less the balance at the beginning of the year. Calculate cash paid to suppliers and select the correct answer below.
The following data pertaining to Quebecor Inc. are available for the year ended December 31, 2020: Change in A/R Change in Inventory Change in A/P Change in Unearned Revenue 23 95 -17 -99 Revenue 560 Cost of Goods Sold 220 Changes represent the balance at the end of the year less the balance at the beginning of the year. Calculate cash paid to suppliers and select the correct answer below.
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
Chapter8: Inventories: Special Valuation Issues
Section: Chapter Questions
Problem 4MC
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