When the Indirect Method Is Used,if Accounts Receivable Increases During

question 118

Multiple Choice

When the indirect method is used,if accounts receivable increases during the accounting period,the change in accounts receivable is:

• A) added to the change in the cash account.
• B) subtracted from net income.
• C) added to net income.
• D) subtracted from the change in the cash account.

Understand the role of behavioral approaches in management.

Recognize the impact of the Hawthorne studies on management theories.

Appreciate the significance of managerial ethics and corporate social responsibility.

Understand the basic types of mutual funds and their investment strategies.

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The process of transferring files or data from one computer system to another, typically from a server on the Internet to a personal device or computer.

Sole Proprietorship

A business structure where a single individual owns, manages, and is responsible for all aspects of the business, including liabilities.

Transfer of Ownership

The legal process by which the title of a property or asset is moved from one party to another.

Franchise

A business model where one party (the franchisor) grants another party (the franchisee) the rights to use its trademark and business systems and processes to produce and market goods or services according to certain specifications.