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The Following Information Was Taken from the 2011 Financial Statements

Question 103

Multiple Choice

The following information was taken from the 2011 financial statements of Jenny Gardner Corporation:
The following information was taken from the 2011 financial statements of Jenny Gardner Corporation: If the direct method is used in the 2011 statement of cash flows, what amount should Jenny Gardner report as cash payments to suppliers? A) $435,000 B) $465,000 C) $495,000 D) $525,000
If the direct method is used in the 2011 statement of cash flows, what amount should Jenny Gardner report as cash payments to suppliers?


A) $435,000
B) $465,000
C) $495,000
D) $525,000

Correct Answer:

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