Bent Company Reports a $20,000 Increase in Inventory and a $5,000

question 180

Multiple Choice

Bent Company reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods Sold for the year was $170,000. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were

• A) $170,000.
• B) $185,000.
• C) $195,000.
• D) $155,000.

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Definitions:

Service Inconsistency

The variation in the quality or level of service provided to customers over different instances of service delivery.

Selective Distribution

Selective distribution is a strategy where a product is distributed through a limited number of channels or retailers, allowing for a focus on high-quality service or market positioning.

Comparison Shop

The practice of comparing prices and features of similar products or services before making a purchase decision.

Marketing Channel

A path or route through which goods or services flow from the producer to the consumer.