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O d. 0.77 A new company has the following transactions Sells stock for $90 W Buys a building for $50. Its primary line of business

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O d. 0.77 A new company has the following transactions Sells stock for $90 W Buys a building for $50. Its primary line of business is selling a service, so it has no COGS (cost of goods sold) and no inventory. Makes credit sales of $100, and subsequently collects $90. Accrues SG&A (selling, general, and administrative) expense of $40, and subsequently pays cash of $25. Records depreciation expense of $10. What is the change in cash from the transactions? Select one: ca. 105 O b. 165 o c 115 O d. 155 Next page

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