Ware Company had purchases of $260000. The comparative balance sheet analysis revealed a $15000 decrease in inventory and a $25000 increase in accounts payable. What were Ware's cash payments to suppliers?
A) $235000
B) $220000
C) $275000
D) $300000

Question

Quizplus · Accepted Answer

To find cash payments to suppliers, adjust purchases for changes in inventory and accounts payable: $260,000 (purchases) - $15,000 (decrease in inventory) - $25,000 (increase in accounts payable) = $235,000.

Ware Company Had Purchases of $260000