Einstein Corporation reported a decrease in inventory of $13,000.The cost of goods sold for the year was $180,000.There was also a $4000 decrease in accounts payable from the beginning of the year to the end of the year.What is Einstein's cash payment to suppliers for inventory?
A)$163,000
B)$171,000
C)$189,000
D)$197,000

Question

Quizplus · Accepted Answer

$180,000 - $13,000 + $4000 = $171,000

Einstein Corporation Reported a Decrease in Inventory of $13,000