Newton Corporation reported an increase in inventory of $75,000. The cost of goods sold for the year was $200,000. There was also a $5000 decrease in accounts payable from the beginning of the year to the end of the year. What is Newton's cash payment to suppliers for inventory?
A) $205,000
B) $270,000
C) $275,000
D) $280,000
Correct Answer:
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