Carter Company reports the following: $\begin{array}{lcc}
& \text { End of Year } & \text { Beginning of Year } \
\text { Inventory }& \$ 25,000 & \$ 40,000 \
\text { Accounts Payable } & 30,000 & 10,000
\end{array}$ If cost of goods sold for the year is $230,000, the amount of cash paid to suppliers is

Question

Carter Company reports the following: $\begin{array}{lcc} 
& \text { End of Year } & \text { Beginning of Year } \
\text { Inventory }& \$ 25,000 & \$ 40,000 \
\text { Accounts Payable } & 30,000 & 10,000
\end{array}$ If cost of goods sold for the year is $230,000, the amount of cash paid to suppliers is

Quizplus · Accepted Answer

The Answer of Carter Company reports the following: $\begin{array}{lcc} 
& \text { End of Year } & \text { Beginning of Year } \
\text { Inventory }& \$ 25,000 & \$ 40,000 \
\text { Accounts Payable } & 30,000 & 10,000
\end{array}$ If cost of goods sold for the year is $230,000, the amount of cash paid to suppliers is

Carter Company Reports the Following If Cost of Goods Sold for the Year Is $230,000