Authentic Exposure Company Had the Following Transactions That Took Place

question 62

Multiple Choice

Authentic Exposure Company had the following transactions that took place during the year: I.Recorded credit sales of $2,500.
II) Collected $1,500 from customers.
III) Recorded sales returns of $500 and credited the customer's account.
What is the total effect of these transactions on free cash flow?

• A)Increase
• B)Decrease
• C)No Effect
• D)Cannot be determined

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