1. When a company collects an accounts receivable from a customer:

a. Net sales on the income statement is increased and accounts receivable on the balance sheet is increased.

b. Net sales on the income statement is increased and accounts receivable on the balance sheet is decreased.

c. Total assets are decreased on the balance sheet and net income on the income statement is increased.

d. Total assets are unchanged on the balance sheet and the income statement is not affected.

2. The amount of a company's total assets decreases when the company write-offs uncollectible accounts receivable from a customer:

a. true

b. false

3. Cash flows from _____ activites are _____ when a company collects an accounts receivable from a customer:

a. operating, decreased

b. investing, decreased

c. financing, increased

d. operating, increased