Z-Mart had cost of goods sold of $320,000. Beginning and ending inventories remained unchanged. The...
70.2K
Verified Solution
Link Copied!
Question
Accounting
Z-Mart had cost of goods sold of $320,000. Beginning and ending inventories remained unchanged. The cash paid to suppliers was $400,000. The difference is: An $80,000 decrease in accounts receivable. An $80,000 increase in accounts receivable. An $80,000 decrease in accounts payable. An $80,000 increase in accounts payable. An $80,000 increase in gross profit
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
