Question 17 2.5 pts Aging Accounts Receivable measures: months a bill has been...
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Question 17 2.5 pts Aging Accounts Receivable measures: months a bill has been due but not paid. sales for the year. All of these answers are correct. days a bill has been due but not paid. Flag this Question Question 18 2.5 pts Ohio Company uses the Allowance for Doubtful Accounts Method. When Ohio writes off an uncollectible account, there is: an increase in Accounts Receivable. None of these answers is correct. an increase in the Allowance Account. a decrease in Accounts Receivable. Flag this Question Question 19 2.5 pts After having written off a customer under the direct write-off method, the account will be reopened when the customer: sends the full amount to pay off the account. sends any amount to pay on their account. None of the above pays the collection bureau. Flag this Question Question 20 2.5 pts The two methods of accounting for uncollectible receivables are the direct write-off method and the: cash method. interest method. allowance method. equity method.
Question 17 2.5 pts
Aging Accounts Receivable measures:
months a bill has been due but not paid.
sales for the year.
All of these answers are correct.
days a bill has been due but not paid.
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Question 18 2.5 pts
Ohio Company uses the Allowance for Doubtful Accounts Method. When Ohio writes off an uncollectible account, there is:
an increase in Accounts Receivable.
None of these answers is correct.
an increase in the Allowance Account.
a decrease in Accounts Receivable.
Flag this Question
Question 19 2.5 pts
After having written off a customer under the direct write-off method, the account will be reopened when the customer:
sends the full amount to pay off the account.
sends any amount to pay on their account.
None of the above
pays the collection bureau.
Flag this Question
Question 20 2.5 pts
The two methods of accounting for uncollectible receivables are the direct write-off method and the:
cash method.
interest method.
allowance method.
equity method.
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