Solution-Compute the cash payments made to suppliers

Compute the cash payments made to suppliers

Reference no: EM132567008

Question - Gary Company reports a $15,000 increase in inventory and a $5,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $200,000. Compute the cash payments made to suppliers were under the direct method?

a. $200,000.

b. $210,000.

c. $180,000.

d. $195,000.

Reference no: EM132567008

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Compute the cash payments made to suppliers

Reference no: EM132567008

Reference no: EM132567008

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