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

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3 years ago

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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