Which of the Following Statements Is Correct

question 123

Multiple Choice

Which of the following statements is correct?

• A)A decrease in the accounts receivable balance means that credit sales exceeded cash collections from customers.
• B)The accounts receivable balance increases when cash collected from customers exceeds credit sales.
• C)A decrease in accounts receivable is deducted from net income when determining cash flow from operating activities.
• D)An increase in accounts receivable is deducted from net income when determining cash flow from operating activities.

---

Definitions:

Phloem Transport

The movement of sugars and other metabolic products downwards from the leaves through the phloem.

Root

The part of a plant that typically lies below the surface of the soil, anchoring the plant and absorbing water and nutrients from the soil.

Leaf

The green, photosynthetic organ of a plant that is typically flat and thin, responsible for absorbing sunlight to synthesize nutrients.

Phytoremediation

The use of plants to remove, transfer, stabilize, and/or destroy contaminants in soil, water, or air.