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What sales adjusted to a cash basis are

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Reference no: EM132581251

Question 1: Sales reported on the income statement totaled $750,000. The beginning balance in accounts receivable was $70,000. The ending balance in accounts receivable was $80,000 . 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

Option A. $830,000

Option B. $680,000

Option C. $740,000

Option D. $760,000

Reference no: EM132581251

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