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Home Q & A Board Other Fields Homework Help Business Accounting
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moonflowerz moonflowerz
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5 years ago
Gladiator, Inc. uses the direct method to prepare its statement of cash flows. Use the following information reported for 2016 to compute the amount of cash paid for merchandise inventory.

Cost of Goods Sold, $135,000
Merchandise Inventory, beginning balance, $26,000
Merchandise Inventory, ending balance, $66,000
Accounts Payable, beginning balance, $7,900
Accounts Payable, ending balance, $5,100

A) $177,800
B) $95,000
C) $175,000
D) $172,200
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
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rockintictacorockintictaco
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5 years ago
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moonflowerz Author
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#2
5 years ago
Makes more sense now, have a good weekend!
wrote...
#3
5 years ago
thank you
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