The Changes in Tench Company's Balance Sheet Account Balances for Last

Multiple Choice

The changes in Tench Company's balance sheet account balances for last year appear below: The company's income statement for the year appears below: The company declared and paid $70,000 in cash dividends during the year. 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:

A) $390,000
B) $410,000
C) $430,000
D) $395,000