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Author Question: Myers Industries reported sales of $220,000 on its income statement. During the year, accounts ... (Read 43 times)

madimontg

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

Mynameisrandom

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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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madimontg

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)

frankwu0507

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Reply 3 on: Yesterday
Excellent

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