Newton Corporation Reported an Increase in Inventory of $75,000

question 32

Multiple Choice

Newton Corporation reported an increase in inventory of $75,000. The cost of goods sold for the year was $200,000. There was also a $5000 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?

• A)$205,000
• B)$270,000
• C)$275,000
• D)$280,000

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Definitions:

Don't Know What To Do

A state of uncertainty or confusion about the course of action to be taken in a situation.

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A statement describing how emergencies arise without warning, requiring immediate action.

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a socio-psychological phenomenon whereby individuals are less likely to take action or feel a sense of responsibility in the presence of a large group of people.

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