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StPierre Enterprises Reported the Following Information in Its Financial Statements

Question 85

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St.Pierre Enterprises reported the following information in its financial statements:  Amounts are as of or for the year ended  Prior Year  Current Year  Inventory $55,000$80,000 Accounts Receivable 68,000103,000 Accounts Payable 34,50040,000 Sales Revenue 305,000375,000 Cost of Goods Sold 203,000250,000\begin{array}{lrr}\text { Amounts are as of or for the year ended } & \text { Prior Year } & \text { Current Year } \\\text { Inventory } & \$ 55,000 & \$ 80,000\\\text { Accounts Receivable } & 68,000 & 103,000 \\\text { Accounts Payable } & 34,500 & 40,000 \\\text { Sales Revenue } & 305,000 & 375,000 \\\text { Cost of Goods Sold } & 203,000 & 250,000\end{array} What is the amount of cash payments made to suppliers during the current year?


A) $280,500
B) $269,500
C) $394,500
D) $230,500

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