Net income was $50,000 and cost of goods sold was $150,000. Inventories increased by $10,000 and trade accounts payable increased by $12,000. The cash paid to suppliers was:

Question

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The cash paid to suppliers can be calculated using the formula: Cash paid to suppliers = Cost of Goods Sold + Increase in Inventory - Increase in Accounts Payable. Plugging in the given values: $150,000 + $10,000 - $12,000 = $148,000.

Net Income Was $50,000 and Cost of Goods Sold Was