Chow Company's 2011 income statement reported cost of goods sold as $135,000. Additional information is as follows:

If Chow uses the direct method, what amount should Chow report as cash paid to suppliers in its 2011 statement of cash flows?

Question

Chow Company's 2011 income statement reported cost of goods sold as $135,000. Additional information is as follows:

If Chow uses the direct method, what amount should Chow report as cash paid to suppliers in its 2011 statement of cash flows?

Quizplus · Accepted Answer

The Answer of Chow Company's 2011 income statement reported cost of goods sold as $135,000. Additional information is as follows:

If Chow uses the direct method, what amount should Chow report as cash paid to suppliers in its 2011 statement of cash flows?

Chow Company's 2011 Income Statement Reported Cost of Goods Sold