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Subject - Accounting:

Financial Statement Analysis

MCQ - 283-285

Question:

ABC Company has a cost of goods sold of Rs. 500,000. During the year the inventory increased by Rs. 10,000 and accounts payable increased by Rs.C15, 000. The interest expense was Rs. 15,000 for the year and dividends of Rs.C11, 000 were paid during the year. What would be the cash payments for the purchase of the merchandise?

  1. Rs. 505,000
  2. Rs. 516,000
  3. Rs. 490,000
  4. Rs. 516,000

Correct Answer: D

Explanation:

Not Required

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Record Performance

355 MCQ for effective preparation of the test of Financial Statement Analysis of Accounting section.

Read the MCQ statement: ABC Company has a cost of goods sold of Rs. 500,000. During the year the inventory increased by Rs. 10,000 and accounts payable increased by Rs.C15, 0 .... e merchandise? , keenly and apply the method you have learn through the video lessons for Financial Statement Analysis to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 283-285.

How to Answer

Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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