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During 2016, ABC Inc

Question 134

Multiple Choice

During 2016, ABC Inc. Accounts Payable balance decreased by $20,000. The company purchased $100,000 of inventory on account. The company made another inventory purchases of $100,000 (on account) during the year, $10,000 of which was returned to its suppliers for credit. The company's cash payments to its inventory suppliers during 2016 was:


A) $90,000.
B) $120,000.
C) $210,000.
D) $110,000.
E) $80,000.

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