In the statement of cash flows an increase in the accounts, Ask an Expert

Accounting

In the statement of cash flows, an increase in the accounts receivable balance from the beginning of the period to the end of the period would:

a. be added to net income because this represents earned revenues that have not been collected.

b. be subtracted from net income because this represents earned revenue provided by operating earnings.

c. be added to net income because this means that revenues were less than cash collected.

d. be subtracted from net income because this means that revenues were more than cash collected.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M954114

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question debt financingfind information on the pros and

Question: Debt financing Find information on the pros and cons of debt financing. Address the following questions in your initial post: • Is debt necessary? • Is short term debt better or worse than long term debt? • Doe ...

Question - 2018 pretax accounting income 400000all fixed

Question - 2018 Pretax Accounting Income: $400,000 All Fixed Assets Purchased Prior to January 1, 2018 were Fully Depreciated at 12/31/17 Fixed Assets purchased on January 1, 2018 for $100,000 and have Estimated Life of ...

Question instructions provide complete answers to the

Question: Instructions: Provide complete answers to the following two problems: 1. Prepare the General Ledger journal entries for the General Fund for the Village of Bath for the year ended December 31, 2017. • The budge ...

Question - prepare bank reconciliation and related

Question - Prepare bank reconciliation and related entries On October 31, 2017, Lisik Company had a cash balance per books of $8,946. The bank statement on that date showed a balance of $10,155. A comparison of the state ...

Question - how would the firm determine the cost

Question - How would the firm determine the cost effectiveness of purchasing the long term assets used by the firm over an extended period of time?

Question - tony madison needs 248900 in 10 yearshow much

Question - Tony Madison needs $248,900 in 10 years. How much must he invest at the end of each year, at 4% interest, to meet his needs?

Question - calculate the break-even in dollars given the

Question - Calculate the break-even in dollars given the following information: Sales per unit of $40, variable costs of $15, fixed costs of $15,000, and a desired profit of $20,000. What is the break-even in dollars?

Question - the social security administration increased the

Question - The Social Security Administration increased the taxable wage base from $118,300 to $120,100. The 6.2% tax rate is unchanged. Joe Burns earned over $120,000 each of the past two years. a. What is the percent i ...

Question - simple and compound interest computations - alan

Question - Simple and Compound Interest Computations - Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 years. At the end of the 8 years, Alan w ...

Question - ismail construction enters into a contract to

Question - Ismail Construction enters into a contract to design and build a hospital. Ismail is responsible for the overall management of the project and identifies various goods and services to be provided, including en ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert