Under the Direct Method, Cash Paid to Suppliers Can Be

question 137

Multiple Choice

Under the direct method, cash paid to suppliers can be computed as cost of goods sold for the period

• A)plus an increase in inventory and minus an increase in accounts payable.
• B)plus a decrease in inventory and minus an increase in accounts payable.
• C)minus an increase in inventory and plus an increase in accounts payable.
• D)minus a decrease in inventory and plus an increase in accounts payable.
• E)None of these answer choices is correct.

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Definitions:

Means

Statistical term referring to the average value of a set of numbers.

Null Hypothesis

A hypothesis that assumes no significant difference or relationship between variables until evidence suggests otherwise.

Independent Means

Independent means refers to comparing the mean values of different groups in a study that are not related or interconnected.

T-statistic

A type of statistic used to estimate the significance of a parameter derived from a sample data set.