The accounting records for the Fox Hollow Company show that its cost of goods sold for the year was $300,000. In addition, it had an increase in inventory of $5,000 and a decrease in accounts payable of $6,000. As a result under the direct method, the amount of cash paid to suppliers for the year was:
A. $305,000.
B. $306,000.
C. $311,000.
D. $301,000.
Answer: C
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