During the Year, Yeung Inc

question 49

Multiple Choice

During the year, Yeung Inc.reported an $8,000 increase in Merchandise Inventory and a $7,000 increase in Accounts Payable.Cost of goods sold for the year was $140,000.What were the cash payments made to suppliers during the year?

• A)$155,000
• B)$141,000
• C)$139,000
• D)$125,000