(Appendix 14A) Van Beeber Corporation's comparative balance sheet and income statement for last year appear below:
The company declared and paid $49,000 in cash dividends during the year. It did not sell or retire any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by (used in) operating activities.
-On the statement of cash flows,the cost of goods sold adjusted to a cash basis would be:
A) $360,000
B) $350,000
C) $370,000
D) $381,000

Question

(Appendix 14A) Van Beeber Corporation's comparative balance sheet and income statement for last year appear below:
   The company declared and paid $49,000 in cash dividends during the year. It did not sell or retire any property, plant, and equipment during the year. The company uses the direct method to determine the net cash provided by (used in) operating activities.
-On the statement of cash flows,the cost of goods sold adjusted to a cash basis would be:
A) $360,000 
B) $350,000 
C) $370,000 
D) $381,000

Quizplus · Accepted Answer

11ea7761_15ac_552b_81a5_138da1431ac4_TB2580_00

(Appendix 14A) Van Beeber Corporation's Comparative Balance Sheet and Income