Which of the Following Activities Affects Net Income,but Has No

question 76

Multiple Choice

Which of the following activities affects net income,but has no immediate impact upon cash flows?

• A)Collection of an account receivable
• B)Making the end-of-period adjustment to record estimated uncollectible accounts
• C)Investing excess cash in marketable securities
• D)Write-off of an uncollectible account receivable against the allowance

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Definitions:

Administration

In a legal context, it refers to the management and settlement of an estate of a deceased person by an appointed administrator.

Bankruptcy Code

The collection of federal laws and regulations that govern the process of bankruptcy in the United States, as codified under Title 11 of the U.S. Code.

United States Code

The codification by subject matter of the general and permanent laws of the United States, organized into a comprehensive code.

Titles

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