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Use the following excerpt from the ABC Company statement of cash flows to answer questions 18 through 21 regarding an analysis of the cash from
Use the following excerpt from the ABC Company statement of cash flows to answer questions 18 through 21 regarding an analysis of the cash from operating activity section. Which of the following statements is true with regard to ABC Company? The accounts receivable account on the balance sheet is increasing in both 2016 and 2015 which has resulted in less cash from operating activities. The accounts receivable account on the balance sheet is decreasing in 2016 and 2015 and increasing in 2014. The ending balance of the accounts receivable account on the balance sheet at the end of 2014 is ($18, 500). The accounts receivable account has decreased in 2016 and 2015 because customers have paid for their purchases, resulting in the positive net income those years
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