Colie Company had an increase in inventory of $120,000. The cost of goods sold was $490,000.

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 Colie Company had an increase in inventory of $120,000. The cost of goods sold was $490,000. There was a $30,000 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Colie's cash payments to suppliers?

 

$640,000.

 

$310,000.

 

$580,000.

 

$370,000.

 
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