Question: 1. Bank overdrafts generally should be a. reported as a deduction from the current asset section. b. reported as a deduction from cash. c. netted

1. Bank overdrafts generally should be a. reported as a deduction from the current asset section." b. reported as a deduction from cash.

1. Bank overdrafts generally should be a. reported as a deduction from the current asset section." b. reported as a deduction from cash. c. netted against cash and a net cash amount reported. d. reported as a current liability. 8. The accounts receivable turnover is computed by dividing a. gross sales by ending net receivables.' b. gross sales by average net receivables. c. net sales by ending net receivables. d. net sales by average net receivables." N

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