Indicate by a (+), (), or (0) whether each of the following events would probably cause accounts
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Indicate by a (+), (−), or (0) whether each of the following events would probably cause accounts receivable (A/R), sales, and profits to increase, decrease, or be affected in an indeterminate manner:
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Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...
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Explanations a When a firm tightens its credit standards it sells on credit more selectively It will ...View the full answer
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