The Accounting Records for the Helen Co

Multiple Choice

The accounting records for the Helen Co.show that its cost of goods sold for the year was $600,000.In addition,it had an increase in inventory of $10,000 and a decrease in accounts payable of $12,000.As a result under the direct method,the amount of cash paid to suppliers for the year was:

A) $602,000.
B) $610,000.
C) $612,000.
D) $622,000.