it Accounts Receivable decreases on a comparative balance sheet. This means: collections were more than credit sales credit sales are decreasing credit sales are increasing more than collections None of the above answers is correct QUESTION 40 On October 1, Garson Company issued 8%, 10-year $300,000 bonds at 100. Interest dates are April 1 and October 1. The amount of cash paid out for interest during the current calendar year is $24,000 512,000. $0 $6,000 QUESTION 41 When a corporation purchases a building for cashit does not affect the cash flow statement is shown as a financing activity is shown as an investing activity is shown as an operating activity QUESTION 42 A statement of cash flows purpose is to summarize the sources and uses of cash by a company during an accounting period. report the financial condition of the company report the changes in equity for a company. report the earnings of the company for an accounting period