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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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
