Question

If a companys Cost of Goods Sold is $158,000 for the period, beginning and ending Inventory balances are $18,000 and $13,000, respectively, and the beginning and ending Accounts Payable balances are $19,000 and $7,500, respectively, what is the amount of the cash paid to suppliers?

A) $157,000

B) $163,500

C) $164,500

D) $151,500

Answer

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