Multiple Choice
When the direct method is used to determine the net cash flow from operating activities,if accounts receivable increase over the accounting period,the change in accounts receivable is:
A) added to the change in the cash account to calculate cash collected from customers.
B) subtracted from sales revenue to calculate the cash collected from customers.
C) added to sales revenue to calculate the cash collected from customers.
D) subtracted from the change in the cash account to calculate cash collected from customers.
Correct Answer:
Verified
Correct Answer:
Verified
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