Top Posters
Since Sunday
k
1
1
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
janeniz janeniz
wrote...
Go to Answer
Posts: 121
Rep: 0 0
A year ago
Maddox Industries reported an increase in inventories of $20,000 and a decrease in accounts payable of $10,000. Cost of goods sold totaled $120,000. 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?

▸ $110,000

▸ $90,000

▸ $120,000

▸ $150,000
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
Author:
Read 24 times
1 Reply
Replies
Answer verified by a subject expert
culwri204culwri204
wrote...
#1
Posts: 127
Rep: 1 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

janeniz Author
wrote...

A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Transonic
wrote...

Yesterday
Thanks
acaruso
wrote...

2 hours ago
Thanks
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  901 People Browsing
 107 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 1308
  
 243
  
 20
Your Opinion
Previous poll results: What's your favorite funny biology word?