Sales Reported on the Income Statement Totaled $850,000

question 40

Multiple Choice

Sales reported on the income statement totaled $850,000.The beginning balance in accounts receivable was $90,000.The ending balance in accounts receivable was $160,000.Under the direct method of determining the net cash provided by operating activities on the statement of cash flows,sales adjusted to a cash basis are:

• A)$780,000
• B)$940,000
• C)$860,000
• D)$920,000

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