Park Place Company reported cost of goods sold of $140,000 for the year 2020. Park Place also reported the following amounts on its balance sheets. Jan. 1, 2020Dec. 31, 2020 Inventory$25,000$27,500 Accounts payable15,00014,500 What amount would be reported as cash paid to suppliers in the operating activities section of the statement of cash flows using the direct method

the cash paid to supplier is $143,000

Explanation:

The computation of the cash paid to the supplier is given below;

Purchases = Ending inventory + cost of goods sold - beginning inventory

= $27,500 + $140,000 - $25,000

= $142,500

Now the Cash paid to supplier is

= Beginning account payable + purchases - ending account payable

= $15,000 + $142,500 - $14,500

= $143,000

hence the cash paid to supplier is $143,000

answer; i believe that the correct answer is (d); the business benefits because owners can share responsibilities;

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