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Home Q & A Board Other Fields Homework Help Business Accounting
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janeniz janeniz
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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
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Managerial Accounting

Managerial Accounting


Edition: 4th
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culwri204culwri204
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A year ago
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janeniz Author
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Helped a lot
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This site is awesome
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Smart ... Thanks!
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