Details of this Paper

2. Hupta Corporation reports cost of goods sold fo...

Description

Solution


Question

2. Hupta Corporation reports cost of goods sold for the year ended December 31, 2000, of $6,500. Other information as of December 31 is as follows: ---1999--- Accounts Receivable: $500 Inventory: $400 Accounts Payable: $250 ---2000--- Accounts Receivable: $550 Inventory: $380 Accounts Payable: $290 Cash paid to suppliers for year ended December 31, 2000, is: A) $6,480 B) $6,440 C) $5,520 D) $6,560

 

Paper#9722 | Written in 18-Jul-2015

Price : $25
SiteLock