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Margarita [4]
2 years ago
15

Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by

$10,000 and accounts payable increased by $15,000. The company uses the direct method to determine the net cash provided by (used in) operating activities on the statement of cash flows. The sales revenue adjusted to a cash basis for the year would be
Business
1 answer:
julia-pushkina [17]2 years ago
4 0

Answer:

$125,000

Explanation:

Particulars                                                     Amount

Sales revenue                                            $115,000

Add: Accounts receivable decrease        <u>$10,000</u>

Cash Receipt from customers                 <u>$125,000</u>

The sales revenue adjusted to a cash basis for the year is $125,000.

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