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Business, 07.04.2020 22:43 Curtez1

Cost of goods sold during the year was $183,000. During the year, merchandise inventory decreased by $8,000, prepaid expenses increased by $1,000, and accounts payable decreased by $4,000. Based upon this and using the direct method of reporting cash flows from operating activities, cash payments to suppliers total Select one: a. $187,000. b. $179,000. c. $188,000. d. $180,000. e. $186,000.

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Cost of goods sold during the year was $183,000. During the year, merchandise inventory decreased by...

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