Last year, Cyrstal Company reported sales of $180,000 on its income statement.During the year, accounts receivable increased by $50,000 and accounts payable increased by $20,000.The company uses the direct method to determine net cash flow from operating activities on the statement of cash flows.The sales revenue adjusted to a cash basis would be:
A) $220,000.
B) $120,000.
C) $130,000.
D) $155,000.
Correct Answer:
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