The Amount of Cash a Department Store Received from Customers

question 123

Multiple Choice

The amount of cash a department store received from customers during a period equals the sales for the period, reduced by the _____ during this period or increased by the _____ during the period.

• A)decrease in accounts payable; increase in accounts payable
• B)increase in accounts payable; decrease in accounts payable
• C)decrease in accounts receivable; increase in accounts receivable
• D)increase in accounts receivable; decrease in accounts receivable
• E)none of the above

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Definitions:

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