Question
A company reported the following details: Sales = $55,000 Decrease in accounts receivable = $32,000 Increase in accounts payable = $25,000 Using the direct method,
A company reported the following details:
Sales = $55,000
Decrease in accounts receivable = $32,000
Increase in accounts payable = $25,000
Using the direct method, how much is sales adjusted to a cash basis?
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Steinbart Romney B.
9th International Edition
0470409460, 978-0470409466
