Kuma, Inc Had Cost of Goods Sold of $106,000 for the the Just

Multiple Choice

Kuma, Inc. had cost of goods sold of $106,000 for the just completed year. Shown below are the beginning and ending balances of various Kuma accounts: Kuma prepares its statement of cash flows using the direct method. On its statement of cash flows, what amount should Kuma show for its cost of goods sold adjusted to a cash basis (i.e., cash paid to suppliers) ?

A) $100,000
B) $96,000
C) $102,000
D) $116,000