During the Current Year, the Accounts Receivable Balance Increased

question 186

Multiple Choice

During the current year, the accounts receivable balance increased.

• A)This indicates that credit sales exceeded collections on account during the period.
• B)This increase is added to net income in the operating activities section of a statement of cash flows prepared under the indirect method.
• C)This increase is added to credit sales to determine the collections on account during the period.
• D)This indicates that there were no cash sales during the period.

---

Definitions:

Talcott Parson

An American sociologist known for his development of a general theoretical system for the analysis of society called structural functionalism.

Conflict Theory

A sociological perspective that views social and economic inequalities as the result of competing interests between different social groups, leading to conflict.

Social Equilibrium

A state of balance within a society, where social forces and elements are aligned in a way that maintains social order and minimizes conflict.

Human Agency

The capacity of individuals to act independently and make choices, influencing their lives and the world around them through their actions.