Sales Reported on the Income Statement Totaled $750,000

Multiple Choice

Sales reported on the income statement totaled $750,000. The beginning balance in accounts receivable was $70,000. The ending balance in accounts receivable was $80,000. 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) $760,000
B) $740,000
C) $680,000
D) $830,000