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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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
$147,100
Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020.
12/31/19
$127,200
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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3d924578-1eeb-4759-bf80-63b75a932ff8%2F43d90e4f-094d-4a85-9597-b2efa47b7b8b%2Ff5xyt76_processed.png&w=3840&q=75)
Transcribed Image Text: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
$147,100
Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020.
12/31/19
$127,200
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.
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