The financial statements for World Company show the following: Cost of goods sold, $728,000. Beginning Balance Ending Balance Merchandise Inventory $ 45,300 $ 56,600 Accounts Receivable 53,600 50,300 Accounts Payable 37,300 42,600 How much cash was paid to suppliers? Multiple Choice $722,000. $716,700. $739,300. $734,000.
The financial statements for World Company show the following: Cost of goods sold, $728,000. Beginning Balance Ending Balance Merchandise Inventory $ 45,300 $ 56,600 Accounts Receivable 53,600 50,300 Accounts Payable 37,300 42,600 How much cash was paid to suppliers? Multiple Choice $722,000. $716,700. $739,300. $734,000.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 14BEA: Last year, Nikkola Company had net sales of 2.299.500,000 and cost of goods sold of 1,755,000,000....
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The financial statements for World Company show the following:
Cost of goods sold, $728,000.
Beginning Balance | Ending Balance | |||||
Merchandise Inventory | $ | 45,300 | $ | 56,600 | ||
Accounts Receivable | 53,600 | 50,300 | ||||
Accounts Payable | 37,300 | 42,600 | ||||
How much cash was paid to suppliers?
Multiple Choice
-
$722,000.
-
$716,700.
-
$739,300.
-
$734,000.
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