Jump Company Uses the Direct Method to Prepare Its Statement

question 55

Multiple Choice

Jump Company uses the direct method to prepare its statement of cash flows.Refer to the following information reported for 2019: Cost of Goods Sold,$150,000
Merchandise Inventory,beginning balance,$26,000
Merchandise Inventory,ending balance,$64,000
Accounts Payable,beginning balance,$8100
Accounts Payable,ending balance,$5000
Operating expenses,$31,000
Accrued Liabilities,beginning balance,$2500
Accrued Liabilities,ending balance,$6400
Use the direct method to compute the cash paid to suppliers.(Accrued Liabilities relate to operating expenses.)

• A) $162,800
• B) $164,000
• C) $191,100
• D) $218,200

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Definitions:

Aggressive Behavior

Actions that are intended to cause harm or assert dominance over another, ranging from verbal abuse to physical violence.

Albert Bandura

A psychologist known for his work on social learning theory, emphasizing the role of observational learning, modeling, and self-efficacy in behavior.

Relational Aggression

Nonphysical aggression that is intended to hurt another person’s feelings.

Psychological Well-Being

A state encompassing positive emotions, high life satisfaction, fulfillment, and positive functioning.