Assume that the direct method is used to prepare the operating activities section of the statement of cash flows. Why is a decrease in Accounts Receivable decrease added to sales revenue when computing cash collected from customers?
A. There were more collections of Accounts Receivable than sales on account during the year.
B. There were more cash sales than credit sales during the year.
C. There were more sales on account than collections of Accounts Receivable during the year.
D. There were more credit sales than cash sales during the year.
Answer: A
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Tarp Corporation Beginning retained earnings $550,000 Ending retained earnings 700,000 Dividends paid 100,000 Revenue 525,000 Refer to the selected information provided for Tarp Corporation. The company's expenses are:
A) $100,000. B) $150,000. C) $450,000. D) $275,000.
Barney offers to sell his Call Marketing Center business to Domino for $100,000. Domino replies, "The price is too high. I will offer to buy it for $90,000." Domino has A) accepted the offer
B) made a counteroffer without rejecting the offer. C) rejected the offer and made a counteroffer. D) ?rejected the offer without making a counteroffer.
H.323 uses Ports 1719 and 1720
Indicate whether the statement is true or false.
Construct a stem-and-leaf diagram with the following data set.3.21.32.12.44.33.13.21.11.42.52.42.93.81.72.31.23.21.41.52.6(See the Excel Data File.)Is the distribution symmetric?StemLeaf11 2 3 4 4 5 721 3 4 4 5 6 931 2 2 2 843
What will be an ideal response?