The Statement of Cash Flows of Bosley Corporation Shows the Amount

Multiple Choice

The statement of cash flows of Bosley Corporation shows the amount of cash received from customers as $720,000.If net sales in Bosley Corporation's income statement are reported at $670,000 then:

A) Bosley's accounts receivable increased $50,000.
B) Bosley's cash account decreased $50,000.
C) Bosley's accounts receivable decreased $50,000.
D) Bosley's accounts receivable are $50,000 at the end of the year.