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.

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Definitions:

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