Up and Away Unlimited provides the following information for the period ended 30 June 2004: What is the cash paid to suppliers for the period?
A) $376,000
B) $415,000
C) $474,000
D) $426,000
E) None of the given answers.

Question

Up and Away Unlimited provides the following information for the period ended 30 June 2004:  What is the cash paid to suppliers for the period?
A) $376,000 
B) $415,000 
C) $474,000 
D) $426,000 
E) None of the given answers.

Quizplus · Accepted Answer

To find the cash paid to suppliers, we need to look at the Cash Flow Statement under the "Operating Activities" section. The line item we need to focus on is "Payments to suppliers and employees." The amount for this line item in the given information is $415,000. Therefore, the answer is B.

Up and Away Unlimited Provides the Following Information for the Period