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Company's 2014 income statement reported cost of g...

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Company's 2014 income statement reported cost of goods sold as $135,000. Additional information is as follows: December 31, 2014 Inventory $30,000 Accounts Payable $13,000 December 31, 2013 Inventory $22,500 Accounts Payable $19,500 If Company uses the DIRECT METHOD, what amount should Company report as cash paid to suppliers in its 2014 statement of cash flows?

 

Paper#9721 | Written in 18-Jul-2015

Price : $25
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