Gary Company Reports a $15,000 Increase in Inventory and a $5,000

question 156

Multiple Choice

Gary Company reports a $15,000 increase in inventory and a $5,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $160,000. The cash payments made to suppliers were

• A) $160,000.
• B) $170,000.
• C) $140,000.
• D) $155,000.

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Definitions:

Neurons

The fundamental units of the brain and nervous system responsible for receiving sensory input from the external world, processing this information, and sending commands to the body.

Brain

The organ located in the head of an animal that controls its actions, thoughts, feelings, and interactions with the environment; central to the nervous system.

Mood Molecule

A colloquial term often used to refer to serotonin, a neurotransmitter that is linked to regulating mood, emotions, and several other functions in the body.

Neurotransmitter

Substances that act as intermediaries, sending signals from one nerve cell to another neuron, muscle cell, or gland cell across a chemical synapse.