The Amount Owing to Suppliers for Inventory Purchases at the Beginning

Multiple Choice

The amount owing to suppliers for inventory purchases at the beginning of the year is $118 000 and at the end of the year is $94 000.If total credit purchases of inventory for the year are $160 000,the cash paid to suppliers of inventory for the year is:

A) $184 000
B) $66 000
C) $278 000
D) $254 000