Cod Ltd Provides the Following Information for the Period Ended

Cod Ltd provides the following information for the period ended 30 June 2014: $\begin{array}{|l|r|}\hline & \$ 0 \\\hline \text { Cost of goods sold for the year } & 110 \\\hline \text { Discounts received for early payment to suppliers } & 82 \\\hline \text { Wages } & 62 \\\hline \text { Opening balance of trade creditors } & 40 \\\hline \text { Closing balance of trade creditors } & 45 \\\hline \text { Opening balance of inventory } & 30 \\\hline \text { Closing balance of inventory } & 15\\\hline\end{array}$ What is the cash paid to suppliers for the period?

A) $82 000
B) $144 000
C) $184 000
D) $122 000

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free