Gladiator,Inc

question 88

Multiple Choice

Gladiator,Inc.uses the direct method to prepare its statement of cash flows.Use the following information reported for 2016 to compute the amount of cash paid for merchandise inventory.
Cost of Goods Sold,$135,000
Merchandise Inventory,beginning balance,$26,000
Merchandise Inventory,ending balance,$66,000
Accounts Payable,beginning balance,$7,900
Accounts Payable,ending balance,$5,100

• A)$177,800
• B)$95,000
• C)$175,000
• D)$172,200

---

Definitions:

Reassurance

The act of providing comfort or confidence to someone, often by easing their doubts or fears.

Avoidant-Fearful

A type of attachment characterized by a desire for closeness with others combined with a fear of getting hurt or rejected.

Avoidant-Fearful

A subtype of avoidant personality disorder characterized by a pervasive pattern of social inhibition, feelings of inadequacy, and hypersensitivity to negative evaluation.

Avoidant-Dismissing

A style of attachment characterized by a self-reliant attitude and a tendency to minimize the importance of close relationships.