Last Year Cumber Company Reported A Cost Of Goods Sold Of 70 000 Inventories Dec

Last year Cumber Company reported a cost of goods sold of $70,000. Inventories decreased by $12,000 during the year, and accounts payable increased by $8,000. 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:

Need your ASSIGNMENT done? Use our paper writing service to score good grades and meet your deadlines.

Order a Similar Paper Order a Different Paper