Parmesan Company Uses the Direct Method for Its Statement of Cash

question 71

Multiple Choice

Parmesan Company uses the direct method for its statement of cash flow. It reports the following information regarding the year 2013: From the income statement:
On the statement of cash flows, what amount will be shown for payments to suppliers for inventory purchases? (Please assume that accounts payable are for purchases of inventory only.)

• A)$185,000
• B)$194,000
• C)$181,000
• D)$191,000

---

Definitions:

Virtual Groups

Groups that interact through electronic communication rather than face-to-face, often found in online platforms or via teleconferencing.

Blended

a combination or mix of different elements, such as learning methods or materials.

Video Groups

Video groups involve the use of video or multimedia resources within a group setting for educational, therapeutic, or motivational purposes.

Proposal

A plan or suggestion put forward for consideration or discussion by others, typically involving a detailed and structured document.