If cash is collected at the sale: A.the operating cycle will be longer than if sold on credit B.the account payable will be decreased as a result of the sale C.the operating cycle will be shorter than if sold on credit D.the account receivable will be increased a a result of the sale
If cash is collected at the sale: A.the operating cycle will be longer than if sold on credit B.the account payable will be decreased as a result of the sale C.the operating cycle will be shorter than if sold on credit D.the account receivable will be increased a a result of the sale
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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If cash is collected at the sale:
A.the operating cycle will be longer than if sold on credit
B.the account payable will be decreased as a result of the sale
C.the operating cycle will be shorter than if sold on credit
D.the
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