If ending accounts receivable exceeds the beginning accounts receivable:
a. cash collections during the period exceed the amount of revenue earned.
b. net income for the period is less than the amount of cash basis income.
c. no cash was collected during the period.
d. cash collections during the year are less than the amount of revenue earned.
Ans: d. cash collections during the year are less than the amount of revenue earned.
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What will be an ideal response?