Last Year Marton Corporation Reported a Cost of Goods Sold

question 52

Multiple Choice

Last year Marton Corporation reported a cost of goods sold of $720,000 on its income statement.The following additional data were taken from the company's comparative balance sheet for the year: 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)$740,000
• B)$767,000
• C)$747,000
• D)$673,000

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Feminist Sociology of Knowledge

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