Which of the Following Items Involving Current Trade Accounts Receivable

question 68

Multiple Choice

Which of the following items involving current trade accounts receivable is most likely to appear in a statement of cash flows?

• A)The balance in the allowance for doubtful accounts
• B)The change in net sales
• C)Sales returns and allowances
• D)Collection of an account previously written off
• E)None of these answers is correct.

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Definitions:

Pre-Printed Terms

Standardized, boilerplate language in a contract, typically not negotiated between parties and often found in form contracts.

E-Sign

The use of electronic signatures to sign documents and agreements, legally recognized as equivalent to handwritten signatures under certain jurisdictions and laws.

Electronic Records

Digital form of information storage, used across various sectors for efficient and accurate information management.

Uniform Electronic Transactions Act

A law adopted by many states in the U.S. that establishes the legal validity of electronic records and signatures in commercial and governmental transactions.