Business, 07.05.2020 21:57 maddie1776

Last year Anderson Corporation reported a cost of goods sold of $101,000. The company's inventory at the beginning of the year was $11,200, and its inventory at the end of the year was $19,300. The prepaid expense account increased by $2,100 between the beginning and end of the year, and the accounts payable account decreased by $4,100. Cost of goods sold adjusted to the cash basis under the direct method would be:

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Last year Anderson Corporation reported a cost of goods sold of $101,000. The company's inventory at...

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