Van Cleef Company's Comparative Balance Sheet and Income Statement for Last

Multiple Choice

Van Cleef Company's comparative balance sheet and income statement for last year appear below: The company declared and paid $18,000 in cash dividends during the year. The company uses the direct method to determine the net cash provided by operating activities.
-On the statement of cash flows, the sales revenue adjusted to a cash basis would be:

A) $697,000
B) $720,000
C) $743,000
D) $774,000