Question
A company reported the following details: Cost of Goods Sold = $115,000 Decrease in inventory = $21,000 Decrease in accounts payable = $8,000 Using the
A company reported the following details:
Cost of Goods Sold = $115,000
Decrease in inventory = $21,000
Decrease in accounts payable = $8,000
Using the direct method, how much is cost of goods sold adjusted to a cash basis?
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Financial Accounting International Financial Reporting Standards Global Edition
Authors: Charles T. Horngren, C. William Thomas, Wendy M. Tietz, Themin Suwardy, Walter T. Harrison
11th Edition
9781292211145
