An increase change in Accounts Receivable during the year indicates A. no change in cash received....
An increase change in Accounts Receivable during the year indicates
A. no change in cash received.
B. decrease in cash received.
C. increase in cash received.
D. either an increase or decrease depending upon the situation.
Homework Answers
Accounts receivable represents credit sales made to customers and they should make payment. Increase in accounts receivable is because of credit sales again to the customers. It does not affect the cash balance.
Option A.
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An increase change in Accounts Receivable during the year
indicates
A. no change in cash received....
Question 8 An increase change in Accounts Receivable during the year indicates no change in cash...
Question 8 An increase change in Accounts Receivable during the year indicates no change in cash received. decrease in cash received. increase in cash received. either an increase or decrease depending upon the situation. Working capital equals current assets plus current liabilities. current assets minus current liabilities. current assets divided by current liabilities. quick assets minus current liabilities. Question 10 Land used in the business is included under the classification of Property, Plant and Equipment. entitled Intangible Assets. of Investments...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $70,434 $55,900 Accounts receivable (net) 54,054 70,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash A Accounts Receivable A increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $45,141 $36,700 Accounts receivable (net) 42,180 55,500 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash Accounts Receivable increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400 45,800 Current Year $49,368 Cash Accounts receivable (net) Based on this information, what is the amount and percentage of increase or decrease that would be shown with decrease using a minus sign before the amount and the percentage. Account Cash Accounts Receivable increase,decrease 25,648 horizontal analysis? Enter a Dollar Change Percent Change
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior...
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Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash...
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The Cash and Accounts Receivable end-of-year balances for a company are provided below Current Year Prior Year Cash $72,842 $60,200 Accounts receivable (net) 16,060 22.000 Based on this information, what is the amount and percentage of ncrease or decrease that would be shown with horronteras? Entdecrease using minus sign before the amount and the percentage Account Dollar Change Percent Change Cash Accounts Receivable increasedecesse
Accounts payable increase Accounts recevable increase Accrued abilities decrease Amortization expense Cash balance january 1 Cash...
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Question 8 An increase change in Accounts Receivable during the year indicates no change in cash received. decrease in cash received. increase in cash received. either an increase or decrease depending upon the situation. Working capital equals current assets plus current liabilities. current assets minus current liabilities. current assets divided by current liabilities. quick assets minus current liabilities. Question 10 Land used in the business is included under the classification of Property, Plant and Equipment. entitled Intangible Assets. of Investments...
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $70,434 $55,900 Accounts receivable (net) 54,054 70,200 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash A Accounts Receivable A increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Current Year Prior Year Cash $45,141 $36,700 Accounts receivable (net) 42,180 55,500 Based on this information, what is the amount and percentage of increase or decrease that would be shown with horizontal analysis? Enter a decrease using a minus sign before the amount and the percentage. Account Dollar Change Percent Change Cash Accounts Receivable increase,decrease
The Cash and Accounts Receivable end-of-year balances for a company are provided below. Prior Year $37,400 45,800 Current Year $49,368 Cash Accounts receivable (net) Based on this information, what is the amount and percentage of increase or decrease that would be shown with decrease using a minus sign before the amount and the percentage. Account Cash Accounts Receivable increase,decrease 25,648 horizontal analysis? Enter a Dollar Change Percent Change
Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock Cash received from sale of equipment Depreciation expense Gain on sale of equipment Inventory decrease Net income Prepaid expenses increase Average current liabilities $13,500 6,000 4,500 9,000 33,000 22,500 43.500 135,000 90,000 52,500 25,500 43,500 6,000 19,500...
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