A Company Reported an Increase in Accounts Receivable and an Increase

question 69

Multiple Choice

A company reported an increase in accounts receivable and an increase in unearned sales revenues during 2019.Which of the following statements is correct?

• A)Cash collected from customers equals sales revenues plus both the increase in accounts receivable and the increase in unearned sales revenues.
• B)Cash collected from customers equals sales revenues minus both the increase in accounts receivable and the increase in unearned sales revenues.
• C)Cash collected from customers equals sales revenues plus the increase in accounts receivable,minus the increase in unearned sales revenues.
• D)Cash collected from customers equals sales revenues minus the increase in accounts receivable,plus the increase in unearned sales revenues.

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Definitions:

Telephone Lines

Physical cables or circuits that transmit voice or data communications between different locations.

Transmission Rates

The speed at which data is transferred from one device or system to another.

Daylight Hours

The period during a day when natural light from the sun is available.

Asynchronous Meetings

Meetings where participants engage at different times according to their convenience, rather than gathering at the same time.