The Balance in Accounts Receivable at the Beginning of the Period

question 145

Multiple Choice

The balance in Accounts Receivable at the beginning of the period amounted to $1,600. During the period $6,400 of credit sales were made to customers. If the ending balance in Accounts Receivable amounted to $1,000, and uncollectible accounts expense amounted to $400, then the amount of cash inflow from customers that would appear in the operating section of the cash statement would be:

• A)$6,600.
• B)$6,400.
• C)$8,000.
• D)None of these.

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Definitions:

Romantic Bliss

A state of perfect happiness and harmony in a romantic relationship.

Marital Stability

The degree to which a marriage remains free from serious conflicts and the likelihood of it enduring over time.

Intact

Remaining undamaged or unaltered, often used to describe objects, structures, or relationships that have not been broken or modified.

Total Marriage

The partners participate in each other’s lives at all levels and have little tension or unresolved hostility.