Multiple Choice
Use the following information to answer Questions :Toshyo purchases an inventory of spare parts on credit from its suppliers for $15 000. During the month Toshyo pays its suppliers $10 000 and sells spare parts (which cost the business $8 000) to its customers on credit for $20 000. Customers pay Toshyo $12 000 during the month.
-Inventory increases by:
A) $2 000
B) $5 000
C) $7 000
D) $8 000
E) $12 000
Correct Answer:

Verified
Correct Answer:
Verified
Q2: During the month MaxiCo purchases inventory on
Q3: A business has cash sales of £25
Q4: The Income Statement comprises the following groups
Q5: Use the following information to answer Questions
Q6: Taken together, receivables, payables, inventory and bank
Q7: Use the following information to answer Questions
Q8: The purchase of goods on credit for
Q9: Goods bought on credit from suppliers are
Q10: A business has cash sales of £25
Q11: Goods sold on credit to customers are