A company has four choices when it comes to brand development.

Best Value, Inc. started its operations on January 1, 2017. It engages in buying and selling different types of electronic gadgets. The first step in its operating cycle would be to ________

A) collect cash from customers B) sell goods to customers C) purchase inventory from vendors D) record the sales in accounts

Sales return involves receiving, sales, credit, and billing departments, but not accounts receivable

Indicate whether the statement is true or false