A Firm Reported That Accounts Receivable Increased by $30 000

question 52

Multiple Choice

A firm reported that accounts receivable increased by $30 000 between the current and the prior year. If accrual-basis sales were $200 000 the amount of cash received from customers during the year was:

• A) $200 000.
• B) $230 000.
• C) $170 000.
• D) $30 000.

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Definitions:

Medical History

A record of information about an individual's health, including past illnesses, surgeries, allergies, and medications.

Allergies

Hypersensitive reactions by the immune system to substances that are normally harmless to most people.

Emergency Contact

A designated person to be contacted in the event of an individual's accident, illness, or other emergency situations.

Prenatal Care

Medical and healthcare provided to women during pregnancy aimed at ensuring a healthy pregnancy and childbirth.