Kingbird, Inc. had an increase in inventory of $136800. The cost of goods sold was $638400. There was a $34200 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Kingbird's cash payments to suppliers? $809400. $501600. $433200. O $741000.

Kingbird, Inc. had an increase in inventory of $136800. The cost of goods sold was $638400. There was a $34200 decrease in accounts payable from the prior period. Using the direct method of reporting cash flows from operating activities, what were Kingbird's cash payments to suppliers? $809400. $501600. $433200. O $741000.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12MCQ: Smoltz Company reported the following information for the current year: cost of goods sold,...

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