Squeeze Company Reports the Following If Cost of Goods Sold for the Year Is $220,000

question 102

Multiple Choice

Squeeze Company reports the following: $$\begin{array} { l c c } & \text { End of Year } & \text { Beginning of Year } \\\text { Inventory } & \$ 25,000 & \$ 42,000 \\\text { Accounts Payable } & 22,000 & 12,000\end{array}$$ If cost of goods sold for the year is $220,000, the amount of cash paid to suppliers is

• A) $227,000.
• B) $205,000.
• C) $193,000.
• D) $247,000.

---

Definitions:

Emotional Intelligence

The ability to recognize, understand, manage, and reason with emotions in oneself and others.

Job Performance

Refers to the effectiveness and efficiency with which an individual completes their work tasks and responsibilities.

Lower Levels

Refer to positions or employees in an organization that are at a lower rank or hierarchy, often involved in direct operations or production.

Cognitive Ability

The capacity to perform various mental activities related to learning, problem-solving, and understanding.