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The following information is provided for Vet Corporation: Cost of goods sold (as reported) $2,560 Decrease in accounts receivable 160 Increase in merchandise inventory 100
The following information is provided for Vet Corporation:
Cost of goods sold (as reported) | $2,560 |
Decrease in accounts receivable | 160 |
Increase in merchandise inventory | 100 |
Decrease in accounts payable | 90 |
Using the direct method, cost of goods sold adjusted to a cash basis equals Blank______.
Multiple choice question.
$2,570
$2,370
$2,750
$2,910
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