St. Pierre Enterprises reported the following information in its financial statements: What is the amount of cash payments made to suppliers during the current year?
A) $280,500
B) $269,500
C) $394,500
D) $230,500

Question

St. Pierre Enterprises reported the following information in its financial statements:  What is the amount of cash payments made to suppliers during the current year?
A) $280,500 
B) $269,500 
C) $394,500 
D) $230,500

Quizplus · Accepted Answer

The amount of cash payments made to suppliers during the current year can be calculated by subtracting the accounts payable at the beginning of the year from the accounts payable at the end of the year, and then adding back the decrease in inventory. ($234,000 - $180,000 + $215,000 = $269,500)

St Pierre Enterprises Reported the Following Information in Its Financial