Financial Reporting and Analysis Q157

0. In 2016 MG Laptops Ltd reported a cost of goods sold worth 120, 000. During 2016 the inventory balance increased by 50,000 and accounts payable increased by $40,000. The cash paid to suppliers is closest to:

Answer
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Option : C
Explanation : The cash paid to suppliers is 120,000 + 50,000 – 40,000 = 130,000.

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