Fertilizer Incorporated Reports an Increase in Accounts Payable of $9,200

question 34

Multiple Choice

Fertilizer Incorporated reports an increase in Accounts Payable of $9,200 and an increase in inventory of $45,000 for the current year.Accounts Payable relates solely to the purchase of merchandise.Sales on account were $532,100 and cost of goods sold was $358,000.The payments to suppliers for inventory during the period were:

• A) $393,800
• B) $322,200
• C) $412,200
• D) $303,800

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Definitions:

Kinetic Energy

The energy of motion.

Chemical Bond Energy

The energy required to break a chemical bond and separate molecules into their constituent atoms or ions.

Trypsin

An enzyme produced in the pancreas that helps digest proteins by breaking them down into amino acids during digestion.

Pepsin

A digestive enzyme found in the stomach that breaks down proteins into peptides, playing a crucial role in the digestive process.