Kuma,IncHad Cost of Goods Sold of $106,000 for the Just

question 20

Multiple Choice

Kuma,Inc.had cost of goods sold of $106,000 for the just completed year.Shown below are the beginning and ending balances of various Kuma accounts:
Kuma prepares its statement of cash flows using the direct method.On its statement of cash flows,what amount should Kuma show for its cost of goods sold adjusted to a cash basis (i.e.,cash paid to suppliers) ?

• A) $100,000
• B) $96,000
• C) $102,000
• D) $116,000

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Definitions:

Working Conditions

The physical and social environment in which employees perform their jobs, including factors such as safety, ergonomics, and workplace culture.

Credit Report

A detailed report of an individual's or company's credit history prepared by a credit bureau.

Bankruptcy

A ruling granted by courts to release businesses or individuals from some or all of their debt.

Chapter 11

A form of bankruptcy involving the reorganization of a debtor's business affairs, debts, and assets, named after the U.S. bankruptcy code 11.