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Chow Company's 2011 Income Statement Reported Cost of Goods Sold

Question 23

Multiple Choice

Chow Company's 2011 income statement reported cost of goods sold as $135,000. Additional information is as follows:
Chow Company's 2011 income statement reported cost of goods sold as $135,000. Additional information is as follows: If Chow uses the direct method, what amount should Chow report as cash paid to suppliers in its 2011 statement of cash flows? A) $121,000 B) $134,000 C) $136,000 D) $149,000
If Chow uses the direct method, what amount should Chow report as cash paid to suppliers in its 2011 statement of cash flows?


A) $121,000
B) $134,000
C) $136,000
D) $149,000

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