Cold and Flu Corporation reported the following information for 2011 and 2012. Inventory is not reported as there was no change in inventory from December 31, 2011, to December 31, 2012. Accounts payable, December 31, 2011 $ 45,000 Accounts payable, December 31, 2012 25,000 Cost of goods sold 2012 220,000 How much cash was paid for inventory during 2012?
A) $200,000
B) $245,000
C) $265,000
D) $240,000
D
Business
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