Christine Company had an increase in inventory of $55000. The cost of goods sold was $95000. There was a $6000 decrease in accounts payable from the prior period. What were Christine's cash payments to suppliers?
A) $156000
B) $61000
C) $144000
D) $101000

Question

Quizplus · Accepted Answer

Christine's cash payments to suppliers can be calculated by adding the cost of goods sold ($95,000) to the increase in inventory ($55,000) and then subtracting the decrease in accounts payable ($6,000), resulting in $156,000.

Christine Company Had an Increase in Inventory of $55000