During 2015, the Accounts Receivable Balance of Dickerson Corp

question 94

Multiple Choice

During 2015, the accounts receivable balance of Dickerson Corp.increased.Which of the following statements is true?

• A)This indicates that Dickerson sold more than it collected in cash 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 sales recognized on the income statement to determine the cash collections from customers during the period.
• D)This increase is considered only when the operating activities section of a statement of cash flows is prepared under the indirect method.

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