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Consider the following information for Saranghey Company: 50,000 75,000 Cash basis income Increase in trade receivables Increase in trade payables 85,000 Which of the following

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Consider the following information for Saranghey Company: 50,000 75,000 Cash basis income Increase in trade receivables Increase in trade payables 85,000 Which of the following statements is true? a. Accrual income is lower than cash basis income b. Accrual income is higher than cash basis income c. Accrual income will equal cash basis income d. Cannot be determined based on given data

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