Solved

In 2017,Nutrient Company Reported Sales of $725,000 and Cost of Goods

Question 104

Multiple Choice

In 2017,Nutrient Company reported sales of $725,000 and cost of goods sold of $480,000.During 2017,Nutrient's Inventory account increased $25,000 and its Accounts Payable account (which relates solely to the purchase of merchandise) decreased $18,000.Nutrient Company's payments to suppliers for inventory during 2017 were:


A) $437,000
B) $523,000
C) $487,000
D) $473,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents