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You are the practice manager for a busy dental office. The drunken accountant stumbles in...

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Accounting

You are the practice manager for a busy dental office. The drunken accountant stumbles in and tells you, "accounts receivable are up!" Assuming that this statement is true, possible explanations include

cash collections are down, all else being equal

cash collections are up, all else being equal

the practice has extended more credit to clients, all else being equal

Both A and C are correct

A, B and C are correct choices

Answer & Explanation Solved by verified expert
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