Utley Company Had a Cost of Purchases of $250,000

question 6

Multiple Choice

Utley Company had a cost of purchases of $250,000. The comparative balance sheet analysis revealed a $10,000 decrease in inventory and a $20,000 increase in accounts payable. What were Utley's cash payments to suppliers?

• A) $230,000
• B) $220,000
• C) $260,000
• D) $280,000

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