Required information[The following information applies to the questions displayed below.]The following is a portion of the current asset section of the balance sheets of HIROE Co., at December 31, 2020 and2019:Accounts receivable, less allowance for uncollectibleaccounts of $8,600 and $4,900, respectivelye-2. What factors might have caused the change in this ratio?Check All That Apply12/31/20$147,100Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020.12/31/19$127,200Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2020.Credit was extended to proportionately more slow-paying or high credit-risk customers during 2019.Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2019.Proportionately fewer bad accounts were actually written off during 2020.Proportionately fewer bad accounts were actually written off during 2019.

Required information [The following information applies to the questions displayed below.] The following is a portion of the current asset section of the balance sheets of HIROE Co., at December 31, 2020 and 2019: Accounts receivable, less allowance for uncollectible accounts of $8,600 and $4,900, respectively e-2. What factors might have caused the change in this ratio? Check All That Apply 12/31/20 12/31/19 $147,100 $127,200 Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020. Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2020. Credit was extended to proportionately more slow-paying or high credit-risk customers during 2019. Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2019. Proportionately fewer bad accounts were actually written off during 2020. Proportionately fewer bad accounts were actually written off during 2019.

Required information [The following information applies to the questions displayed below.] The following is a portion of the current asset section of the balance sheets of HIROE Co., at December 31, 2020 and 2019: Accounts receivable, less allowance for uncollectible accounts of $8,600 and $4,900, respectively e-2. What factors might have caused the change in this ratio? Check All That Apply 12/31/20 12/31/19 $147,100 $127,200 Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020. Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2020. Credit was extended to proportionately more slow-paying or high credit-risk customers during 2019. Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2019. Proportionately fewer bad accounts were actually written off during 2020. Proportionately fewer bad accounts were actually written off during 2019.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC

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