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Kelli Brite
on Dec 16, 2024

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During the year, Kawartha Corp.reported an increase in Inventory of $40,000.Cost of Goods Sold for the year was $125,000, and there was an $6,000 decrease in Accounts Payable.What were the cash payments to suppliers during the year?

A) $79,000
B) $91,000
C) $159,000
D) $171,000

Inventory

The goods and materials that a business holds for the ultimate purpose of resale or production.

Accounts Payable

Refers to the amounts due by a company to its creditors for goods or services received that have not yet been paid for.

  • Discern the significance of changes in working capital balances on cash flow operations.
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KM
Kailey McCaffreyDec 22, 2024
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