Pipe Corporation reported cost of goods sold of $250,000 for 2015.It also reported an increase in inventory for the year of $30,000,and an increase in accounts payable of $24,000.Pipe would report cash paid to suppliers in 2015 under the direct method for cash flows of

Question

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$250,000 (cost of goods sold)+ $30,000 (increase in inventory)- $24,000 (increase in accounts payable)= $256,000

Pipe Corporation Reported Cost of Goods Sold of $250,000 for 2015.It