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Myers Industries reported sales of $220,000 on its income statement. During the year, accounts ...

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Myers Industries reported sales of $220,000 on its income statement. During the year, accounts ...

Myers Industries reported sales of $220,000 on its income statement. During the year, accounts receivable increased by $25,000 and accounts payable decreased by $15,000. Maddox uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. What is the amount of sales revenue adjusted to a cash basis for the year?

▸ $210,000

▸ $195,000

▸ $170,000

▸ $205,000

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Managerial Accounting

Edition: 4^th

Author: Davis

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