The Following Information Is Available for Pear Limited for 2020

question 64

Multiple Choice

The following information is available for Pear Limited for 2020: $\begin{array}{llcc} \text {Accounts payable, beginning.................................................................... } &\$14,000 \\ \text { Cash payments on account during year.................................................... } &54,000\\ \text {Purchase discounts taken during year on 2020 purchases.......................... } &1,200\\ \text {Accounts payable, ending.......................................................................... } &7,000\\\end{array}$
Assuming the company records purchases at gross amounts, the total purchases for 2020 would be

• A) $48,200.
• B) $61,000.
• C) $55,200.
• D) $59,800.

---

Definitions:

Cognitive Association

The mental linking or relating of ideas, concepts, or stimuli, which plays a role in how thoughts and memories are organized.

Economic Deprivation

A state of lacking economic resources and essentials, leading to poor living conditions and limited access to goods and services.

Quick High

refers to a rapid onset of euphoria or intoxication from using certain substances, which is often short-lived and sought after by substance abusers.

Severe Insomnia

A chronic condition characterized by extreme difficulty in falling asleep, staying asleep, or obtaining restorative sleep, causing significant distress or impairment.