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

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