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.
C
Business
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