Asked by
Kelli Brite
on Dec 16, 2024Verified
During the year, Kawartha Corp.reported an increase in Inventory of $40,000.Cost of Goods Sold for the year was $125,000, and there was an $6,000 decrease in Accounts Payable.What were the cash payments to suppliers during the year?
A) $79,000
B) $91,000
C) $159,000
D) $171,000
Inventory
The goods and materials that a business holds for the ultimate purpose of resale or production.
Accounts Payable
Refers to the amounts due by a company to its creditors for goods or services received that have not yet been paid for.
- Discern the significance of changes in working capital balances on cash flow operations.
Verified Answer
KM
Learning Objectives
- Discern the significance of changes in working capital balances on cash flow operations.