During the Year the Balance in the Accounts Receivable Account

question 83

Multiple Choice

During the year the balance in the Accounts Receivable account increased by $6,000. In order to adjust the company's net income to a cash basis using the direct method on the statement of cash flows, it would be necessary to:

• A) subtract the $6,000 from the sales revenue reported on the income statement.
• B) add the $6,000 to the sales revenue reported on the income statement.
• C) subtract the $6,000 from the cost of goods sold reported on the income statement.
• D) add the $6,000 to the cost of goods sold reported on the income statement.

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Definitions:

Gene Effects

The impact that individual genes, their mutations, and combinations have on the traits or conditions of an organism.

Codominant

A genetic scenario where two different alleles are expressed equally in the phenotype of heterozygous individuals.

Incomplete Dominance

A genetic phenomenon in which neither allele is completely dominant, resulting in a phenotype that is a blend of the parental traits.

Recessive

A genetic term describing an allele that expresses its phenotype only when its paired allele is identical.