The cost of goods sold during the year was $185,000. Merchandise inventory decreased by $6,000 during the year and accounts payable decreased by $3,000 during the year. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total
A) $188,000.
B) $182,000.
C) $176,000.
D) $194,000.

Question

Quizplus · Accepted Answer

The Answer of The cost of goods sold during the year was $185,000. Merchandise inventory decreased by $6,000 during the year and accounts payable decreased by $3,000 during the year. Using the direct method of reporting cash flows from operating activities, cash payments for merchandise total
A) $188,000.
B) $182,000.
C) $176,000.
D) $194,000.

The Cost of Goods Sold During the Year Was $185,000