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QUESTION 5 Last year, Cyrstal Company reported sales of $180,000 on its income statment. During the year, accounts receivable increased by $50,000 and accounts payable
QUESTION 5 Last year, Cyrstal Company reported sales of $180,000 on its income statment. 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 $220,000 $120,000. $130,000. $155,000
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