If the December 31, 2016, balance of accounts receivable is higher than the January 1, 2016, balance, then the amount of cash collections will be less than the sales on account for the year

a. True
b. False
Indicate whether the statement is true or false


True

Business

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Indicate whether the statement is true or false

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a. Overhead b. Direct labor c. Selling and administrative expenses d. Direct materials

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