The Financial Statements for World Company Show the Following:
Cost

question 33

Multiple Choice

The financial statements for World Company show the following:
Cost of goods sold,$725,000. $\begin{array}{lrlrl}&\text { Beginning Balance } & \text { Ending Balance } \\\text { Merchandise Inventory } & \$ 45,000 & \$ 56,000 \\\text { Accounts Receivable } & 53,000 & 50,000 \\\text { Accounts Payable } & 37,000 & 42,000\end{array}$ How much cash was paid to suppliers?

• A)$731,000
• B)$736,000
• C)$719,000
• D)$714,000