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Colie Company Had an Increase in Inventory of $120,000

Question 76

Multiple Choice

Colie Company had an increase in inventory of $120,000.The cost of goods sold was $560,000.There was a $30,000 decrease in accounts payable from the prior period.Using the direct method of reporting cash flows from operating activities, what were Colie's cash payments to suppliers?


A) $710,000.
B) $650,000.
C) $440,000.
D) $380,000.

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