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Sales reported on the income statement totaled $758,000. The beginning balance in accounts receivable was $78,000. The ending balance in accounts receivable was $90,000. Under
Sales reported on the income statement totaled $758,000. The beginning balance in accounts receivable was $78,000. The ending balance in accounts receivable was $90,000. Under the direct method of determining the net cash provided by (used in) operating activities on the statement of cash flows, sales adjusted to a cash basis are:
A) 746,000
B) 770,000
C) 680,000
D) 848,000
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