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Accounting

Bent Co. reports a $20,000 increase in inventory and a $5,000 decrease in accounts payable during the year. Cost of Goods Sold for the year was $170,000. Using the direct method of reporting cash flows from operating activities, cash payments made to suppliers were

A. $170,000.
B. $155,000.
C. $195,000.
D. $185,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9403075

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