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Caribou Corporation Shows the Following Balances: Caribou Paid Suppliers

Question 49

Multiple Choice

Caribou Corporation shows the following balances: Caribou Corporation shows the following balances: Caribou paid suppliers $100,000 during the year.What is Caribou's cost of goods sold for the year? A) $97,500 B) $107,500 C) $102,500 D) $92,500 Caribou paid suppliers $100,000 during the year.What is Caribou's cost of goods sold for the year?


A) $97,500
B) $107,500
C) $102,500
D) $92,500

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