Last ye ar Lawn Corporation reported sales of $130,000 on its income statement. During the year, accounts receivable increased by $14,000 and accounts payable increased by $19,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be: Multiple Choice $116,000 $111,000 $125,000 $135,000

TB MC Qu. 14A-09 Last year Lawn Corporation reported sales. Lest year Le n Corporation reported sales orst 0,000 on its income statement. During the year, 8ccounts receivable increased by $14,000 and accounts payable increased by $19,00 The company uses the dilrect method to detemine the net cash provded y used In) operating actvties on the statement of cash flows The sales revenue adjusted to a cash basls for the year waulc be: points Multiple Choice eguok 6,000 sm,000 $125,000 $135,000 Check your trash Search for that lost Gmail ernail Google Chrome en.softenic.com Close Exam Chapters 13-15 due 1,217 Help Sae&Exlt Submlt TB MC Qu. 14A-18 Last year Cumberland Corporation reported a cost of goods sold.. Last year Cumberland Corporation reported a cost of goods sold of 78 O Inventories increased by $24,0 O durin e eer and accounts payable increased b S1 000 The compa yuse the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The cost of goods sold adjustetocsh basis would be points Multiple Choice $66,000 $114,000 $90,000 $54,000 Check your trash Search for that lost Gmail ernail Google Chrome en.softonic.com