XYZ Corporation Reported a $35,000 Increase in Inventory and a $7,000

question 79

Multiple Choice

XYZ Corporation reported a $35,000 increase in inventory and a $7,000 decrease in accounts payable during the year. XYZ's cost of goods sold amounted to $185,000. Under the direct method of reporting cash flows from operating activities, cash payments to suppliers amounted to:

• A) $227,000.
• B) $213,000.
• C) $157,000.
• D) $143,000.

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Definitions:

Arbitrary

Based on individual discretion or preference rather than any objective criterion, rule, or law; often implies a lack of rationale or predictability.

War

A state of armed conflict between different countries or different groups within a country.

Universal Phenomenon

A concept, behavior, or fact that is present or applicable in all cultures, societies, or situations, transcending local or specific cultural norms.

1960s Movement

Encompasses a range of social and political movements in the 1960s, including civil rights, anti-war protests, and feminist movements, aimed at promoting radical changes in society.