During 2013, the Accounts Receivable Balance Increased

question 102

Multiple Choice

During 2013, 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.