Multiple Choice
If a company is overly optimistic about debt collection,the company will understate bad debt expense and:
A) overstate net income;and days to collect will decline.
B) overstate net income;but days to collect will increase.
C) understate net income;and days to collect will increase.
D) understate net income;and days to collect will decline.
Correct Answer:
Verified
Correct Answer:
Verified
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