The Following Information Was Provided by the Records of QRS

question 137

Multiple Choice

The following information was provided by the records of QRS for the current reporting year: $$\begin{array} { | l | l | } \hline \text { Cost of goods sold (as reported on the income statement } & \$ 80,000 \\\hline \text { Inventory increase } & 20,000 \\\hline \text { Accounts payable increase } & 3,000 \\\hline\end{array}$$ The cash paid to suppliers was:

• A) $63,000.
• B) $77,000.
• C) $80,000.
• D) $97,000.