Question: 7 2 Points Determining the allowance for doubtful accounts based on an analysis of the aging of receivables is based on the assumption that: A

7 2 Points Determining the allowance for doubtful accounts based on an analysis of the aging of receivables is based on the assumption that: A all companies will eventually pay their bills. B the longer a receivable is outstanding, the less likely it will be collected. companies should never sell on credit. companies will have equal amounts of bad debts in each category. G

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