Newton Corporation reported an increase in inventory of $75,000. The cost of goods sold for the year was $210,000. There was also a $9,000 decrease in accounts payable from the beginning ofthe year to the end of the year. What is Newton's cash payment to suppliers for inventory?OA. $294,000B. $276.000OC. $285,000OD. $219,000

Ledger Accounts are useful for calculating the missing values.Ledger Accounts are easy to understand…

Answered: the year to the end of the year. What…

the year to the end of the year. What is Newton's cash payment to suppliers for inventory? Ritory of $75,000. The cost of goods sold for OA $294.000 B. $276.000 OC. $285,000 OD. $219,000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...

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Question

Newton Corporation reported an increase in inventory of $75,000. The cost of goods sold for the year was $210,000. There was also a $9,000 decrease in accounts payable from the beginning of
the year to the end of the year. What is Newton's cash payment to suppliers for inventory?
OA. $294,000
B. $276.000
OC. $285,000
OD. $219,000

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