Gonzo Company Reports a $25000 Increase in Inventory and a $12000

question 176

Multiple Choice

Gonzo Company reports a $25000 increase in inventory and a $12000 decrease in accounts payable during the year. Cost of Goods Sold for the year was $185000. Using the direct method of reporting cash flows from operating activities cash payments made to suppliers were

• A) $185000.
• B) $197000.
• C) $222000.
• D) $148000.

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