Question: Financial information for American Eagle is presented in Appendix A . Required: 1 . Determine whether the trend in net sales has been increasing or

Financial information for American Eagle is presented in Appendix A.
Required:
1. Determine whether the trend in net sales has been increasing or decreasing for the past three years.
2. In which financial statement is the balance of accounts receivable reported?
multiple choice 1
Balance Sheet
Income Statement
Statement of Stockholders' Equity
3. Does American Eagle indicate in the balance sheet that the company likely has an allowance for uncollectible accounts?
multiple choice 2
Yes
No

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