Multiple Choice
Gladiator Ltd uses the direct method to prepare its cash flow statement.Refer to the following information reported for the year 2016: Cost of sales,$132,000
Inventory,beginning balance,$26,000
Inventory,ending balance,$65,000
Accounts payable,beginning balance,$7900
Accounts payable,ending balance,$5400
What is the amount of cash paid for inventory?
A) $173,500
B) $93,000
C) $168,500
D) $171,000
Correct Answer:

Verified
Correct Answer:
Verified
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