### Crane Company Financial ReportCrane Company reports the following financial information:#### Inventory- **End of Year:** $24,700- **Beginning of Year:** $41,000#### Accounts Payable- **End of Year:** $21,800- **Beginning of Year:** $11,700If the cost of goods sold for the year is $219,800, determine the amount of cash paid to suppliers. Select the correct amount from the options below:- $204,800- $246,200- $193,400- $226,000**Note:** Please ensure to review and select your answer accurately.You can save your progress and submit your answer once you are confident. Attempts used: 0 of 1.*Submit Answer* *Save for Later*

Cash paid to suppliers means the amount of money paid to the suppliers for purchasing inventory from…

Crane Company reports the following Inventory Accounts Payable End of Year $24700 $204800. O $246200. $193400. $226000. 21800 Beginning of Year $41000 11700 If cost of goods sold for the year is $219800, the amount of cash paid to suppliers is

Crane Company reports the following Inventory Accounts Payable End of Year $24700 $204800. O $246200. $193400. $226000. 21800 Beginning of Year $41000 11700 If cost of goods sold for the year is $219800, the amount of cash paid to suppliers is

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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### Crane Company Financial Report

Crane Company reports the following financial information:

#### Inventory
- **End of Year:** $24,700
- **Beginning of Year:** $41,000

#### Accounts Payable
- **End of Year:** $21,800
- **Beginning of Year:** $11,700

If the cost of goods sold for the year is $219,800, determine the amount of cash paid to suppliers. Select the correct amount from the options below:

- $204,800
- $246,200
- $193,400
- $226,000

**Note:** Please ensure to review and select your answer accurately.

You can save your progress and submit your answer once you are confident. Attempts used: 0 of 1.

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