FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Alex Company prepares its statement of cash flows using the direct method for operating activities. For the year ended December 31,
2024, Alex Company reports the following:
Sales on account
Cash sales
Decrease in accounts receivable
Increase in accounts payable
Increase in inventory
Cost of goods sold
$2100000
O $1611000
$1755000
O $1395000
O $1539000
1110000
915000
108000
72000
1575000
What amount of cash payments to suppliers will be reported by Alex Company for the year ended December 31, 2024?
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