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mylesnagop mylesnagop
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A year ago
Monroe Corporation reported a decrease in inventories of $30,000 and a decrease in accounts payable of $15,000. Cost of goods sold totaled $110,000. Monroe uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. What is the cost of goods sold adjusted to a cash basis?

▸ $95,000

▸ $65,000

▸ $105,000

▸ $155,000
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Managerial Accounting

Managerial Accounting


Edition: 4th
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Chintan13Chintan13
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A year ago
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mylesnagop Author
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A year ago
Thanks for your help!!
nadiia
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Yesterday
Thanks
Tim0301
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2 hours ago
this is exactly what I needed
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