During the Year, Marigold Corp Reported an Increase in Merchandise

question 66

Multiple Choice

During the year, Marigold Corp reported an increase in Merchandise Inventory of $25,000. Cost of goods sold for the year was $150,000, and there was an $8,000 decrease in Accounts Payable. What were the cash payments to suppliers during the year?

• A)$117,000
• B)$133,000
• C)$167,000
• D)$183,000

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Definitions:

Tautology

A statement that is true by necessity or by virtue of its logical form, often repeating the same idea in different words.

Disjunct

An individual element or statement within a disjunction, where the truth of any one element makes the disjunction true.

Disjunction

An operation in logic that results in true if one or more of the inputs are true.

Tautology

A statement in logic that is true in every possible interpretation or a redundant statement that doesn't provide additional information.