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Author Question: Monroe Corporation reported a decrease in inventories of $30,000 and a decrease in accounts payable ... (Read 21 times)

Sadjam2

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on: Feb 5, 2023

Question 1

Which of the following items is relevant when deciding whether to prepare the statement of cash flows using the direct method versus the indirect method?
◦ Investing and financing activities only
◦ Operating activities only
◦ Investing activities only
◦ Financing activities only

Question 2

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
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by Sadjam2 on Feb 5, 2023

Marys

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Sadjam2

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

emsimon14

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Reply 3 on: Yesterday
Excellent

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