Designer Paints Company uses the direct method for preparing its statement of cash flow.Designer Paints reports the following information regarding 2018:
From the income statement:
Sales Revenues,$268,000
Cost of Goods Sold,$210,000
Operating Expenses,$33,000
From the balance sheet:

What amount will be shown for payments to suppliers for Merchandise Inventory purchases? (Assume that Accounts Payable are for purchases of merchandise inventory only. )

Question

Designer Paints Company uses the direct method for preparing its statement of cash flow.Designer Paints reports the following information regarding 2018:
From the income statement:
Sales Revenues,$268,000
Cost of Goods Sold,$210,000
Operating Expenses,$33,000
From the balance sheet:

What amount will be shown for payments to suppliers for Merchandise Inventory purchases? (Assume that Accounts Payable are for purchases of merchandise inventory only. )

Quizplus · Accepted Answer

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Designer Paints Company Uses the Direct Method for Preparing Its