Gladiator Inc

question 93

Multiple Choice

Gladiator Inc. uses the direct method to prepare its statement of cash flows. Refer to the following information reported for the year 2014: Cost of Goods Sold, $130,000
Inventory, beginning balance, $25,000
Inventory, ending balance, $65,000
Accounts Payable, beginning balance, $7,500
Accounts Payable, ending balance, $4,900
What is the amount of cash paid for merchandise inventory?

• A)$172,600
• B)$140,000
• C)$170,000
• D)$167,400

---

Definitions:

Manufacture Proteins

The process of protein synthesis where cells build proteins based on genetic instructions.

Phages

Viruses that infect and replicate within bacteria and archaea.

Adenoviruses

A group of viruses that can infect the respiratory tract, eyes, and gastrointestinal tract in humans, leading to a range of illnesses.

Virions

Complete virus particles that consist of an RNA or DNA core surrounded by a protein coat and are capable of infecting a host cell to reproduce.