The Cost of Goods Sold During the Year Was ¥2,050,000

question 102

Multiple Choice

The cost of goods sold during the year was ¥2,050,000. Merchandise inventory decreased by ¥60,000 during the year and accounts payable decreased by ¥30,000 during the year. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total

• A) ¥2,080,000.
• B) ¥2,020,000.
• C) ¥1,960,000.
• D) ¥2,140,000.

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A state of being separated from others, which can be either physical separation or feeling of being disconnected from others.

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