Dooling Corporation Reported Balances in the Following Accounts for the Current

question 37

Multiple Choice

Dooling Corporation reported balances in the following accounts for the current year: $\begin{array}{llr}&\text { Beginning } & {\text { Ending }} \\Inventories&\$ 600 & \$ 300 \\Accounts ~payable&300 & 500\end{array}$ Cost of goods sold was $7,500. What was the amount of cash paid to suppliers?

• A) $7,000.
• B) $7,200.
• C) $7,300.
• D) $7,500.

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Definitions:

Head of State

The individual who serves as the chief public representative of a nation, often embodying its sovereignty and executing its laws and policies.

Impasto

A layer of thickly applied pigment.

Brushstrokes

The marks left by a painting brush on a surface, which can vary in technique, texture, and thickness, contributing to the stylistic and expressive qualities of a painting.

Rough

Characterized by an uneven or irregular surface; not smooth or refined in texture or sound.