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Author Question: Maddox Industries reported an increase in inventories of $20,000 and a decrease in accounts payable ... (Read 12 times)

kandiwilson165@gmail.com

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on: Feb 5, 2023
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
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by kandiwilson165@gmail.com on Feb 5, 2023

Yermi196

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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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kandiwilson165@gmail.com

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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