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.
The trend in net sales has been during the past three years.
2. In which financial statement is the balance of accounts receivable reported?
A. Balance Sheet
B. Income Statement
C. Statement of Stockholders' Equity
3. Does American Eagle indicate in the balance sheet that the company likely has an allowance for uncollectible accounts?
A. Yes
B. No
Financial information for American Eagle is

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