During the Year a Firm Reported That Accounts Receivable Had

question 41

Multiple Choice

During the year a firm reported that accounts receivable had increased by $35 000. If accrual basis sales were $200 000 the amount of cash received from customers during the year must have been:

• A) $165 000.
• B) $190 000.
• C) $210 000.
• D) $235 000.

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Definitions:

Tropical Forests

Dense forests located in the tropical regions of the world, characterized by high rainfall and biodiversity.

Neem Trees

Refers to a species of tree native to the Indian subcontinent, known for its medicinal properties and uses in organic farming as a natural pesticide.

Spermicide

A chemical agent used in some contraceptive products to kill or immobilize sperm, thereby preventing fertilization.

Natural Pesticides

Substances derived from natural sources (plants, bacteria, fungi, and certain minerals) used to control pests without synthetic chemicals.