In the beginning balance in Accounts Recievable is $11,000 and the ending balance is $9,000, then credit sales must have exceeded collections on account.

• True
• False

If the December 31, 2023, balance of acconts revievable is lower than the January 1, 2023, balance, then the amount of cash collections will be more than the sales on account for the year.

• True
• False

Companies can use two different methods to report the amount of cash flow from their investing and financing activities

• True
• False