A Company Reported an Increase in Accounts Receivable and an Increase

question 19

Multiple Choice

A company reported an increase in accounts receivable and an increase in unearned sales revenues during 2016. Which of the following statements is correct?

• A)Cash collected from customers equals sales revenues plus both the increase in accounts receivable and the increase in unearned sales revenues.
• B)Cash collected from customers equals sales revenues minus both the increase in accounts receivable and the increase in unearned sales revenues.
• C)Cash collected from customers equals sales revenues plus the increase in accounts receivable, minus the increase in unearned sales revenues.
• D)Cash collected from customers equals sales revenues minus the increase in accounts receivable, plus the increase in unearned sales revenues.

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Definitions:

Psychological Characteristics

Attributes of an individual's mind and behavior that distinguish them from others, including thoughts, emotions, and personality traits.

Hardiness

A combination of three psychological qualities—commitment, control, and challenge—shared by people who can handle high levels of stress and remain healthy.

Extreme Stress

A condition resulting from events that are perceived as threatening to an individual's safety or stability, causing a significant impact on mental, emotional, and physical well-being.

Social Support System

A network of family, friends, and peers that offer emotional, informational, and instrumental assistance.