Early Years Corporation reports a $14,000 increase in Inventory and a $26,000 increase in accounts payable for the year. If the cost of goods sold is $400,000 for the year, the cash paid to Early Years' suppliers for inventory is:
A) $360,000.
B) $374,000.
C) $388,000.
D) $440,000.
C
Explanation: C) $400,000 -$26,000 + $14,000 = $388,000
Business
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