Window World Company's income statement for the year ending December 31, 2024 included the following items: Interest revenue $65,500 Salaries expense 85,000 Cost of goods sold 217,600 The following balances have been excerpted from the company's comparative balance sheets: 31-Dec-24 31-Dec-23 Interest receivable $9,100 $7,500 Salaries payable 8,900 4,200 Accounts payable 12,700 10,900 Inventory 36,100 32,500 The amount of cash paid by the company to suppliers in 2024 was Select one: $215,800. $212,200. $219,400. $248,290.
Window World Company's income statement for the year ending December 31, 2024 included the following items: Interest revenue $65,500 Salaries expense 85,000 Cost of goods sold 217,600 The following balances have been excerpted from the company's comparative balance sheets: 31-Dec-24 31-Dec-23 Interest receivable $9,100 $7,500 Salaries payable 8,900 4,200 Accounts payable 12,700 10,900 Inventory 36,100 32,500 The amount of cash paid by the company to suppliers in 2024 was Select one: $215,800. $212,200. $219,400. $248,290.
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 56P: The following selected information is taken from the financial statements of Arnn Company for its...
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Question
Window World Company's income statement for the year ending December 31, 2024 included the following items:
| Interest revenue | $65,500 |
| Salaries expense | 85,000 |
| Cost of goods sold | 217,600 |
The following balances have been excerpted from the company's comparative balance sheets:
| 31-Dec-24 | 31-Dec-23 | ||
| Interest receivable | $9,100 | $7,500 | |
| Salaries payable | 8,900 | 4,200 | |
| Accounts payable | 12,700 | 10,900 | |
| Inventory | 36,100 | 32,500 |
The amount of cash paid by the company to suppliers in 2024 was
Select one:
$215,800.
$212,200.
$219,400.
$248,290.
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