The percentage of accounts receivable uncollectible can be ignored for cash budgeting because a. for most companies,
Question:
The percentage of accounts receivable uncollectible can be ignored for cash budgeting because
a. for most companies, it is not a material amount.
b. it is included in cash sales.
c. it appears on the budgeted income statement.
d. no cash is received from an account that defaults.
e. none of the above.
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Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-0324660135
3rd Edition
Authors: Mowen, Hansen, Heitger
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