Maurice Tutor

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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 24 Jul 2017 My Price 2.00

Cumba Company

Last year Cumba Company reported a cost of goods sold of $30,000. Inventories decreased by $7,000 during the year, and accounts payable decreased by $13,000. The company uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. The cost of goods sold adjusted to a cash basis would be:

A) $23,000

B) $24,000

C) $36,000

D) $43,000

Answers

(5)
Status NEW Posted 24 Jul 2017 12:07 AM My Price 2.00

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