$54,000 Is Owed to Suppliers for Inventory Purchases at the Beginning

question 66

Multiple Choice

$54,000 is owed to suppliers for inventory purchases at the beginning of the year and $44,000 is owed at the end of the year. If annual credit purchases of inventory are $180,000, the cash paid to suppliers for the year is:

• A)$170,000.
• B)$150,000.
• C)$190,000.
• D)$214,000.

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