Find the sales revenue adjusted to a cash basis

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Reference no: EM132819273

Question - Last year Lawson Company reported sales of $140,000 on its income statement. During the year, accounts receivable decreased by $20,000 and accounts payable increased by $15,000. The company uses the direct method to determine the net cash provided by operating activities on the statement of cash flows. Find the sales revenue adjusted to a cash basis for the year?

Reference no: EM132819273

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