The following information was taken from the 2021 financial statements of Bramble Corp.: Inventory, January 1, 2021 $ 18

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

The following information was taken from the 2021 financial statements of Bramble Corp.: Inventory, January 1, 2021 $ 18

Post by answerhappygod »

The following information was taken from the 2021 financial
statements of Bramble Corp.: Inventory, January 1, 2021 $ 189000
Inventory, December 31, 2021 237000 Accounts payable, January 1,
2021 147000 Accounts payable, December 31, 2021 235000 Sales
revenue 1290000 Cost of goods sold 7940003
If the direct method is used in the 2021 statement of cash
flows, what amount should Bramble report as cash payments
to suppliers?
$882000
$834000
$754000
$930000
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Post Reply