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    Financial Accounting Study Set 30
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    Exam 6: Merchandising Operations and the Multistep Income Statement
  5. Question
    An Aging of Trade Accounts Receivable Schedule Is Based on the Premise
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An Aging of Trade Accounts Receivable Schedule Is Based on the Premise

Question 179

Question 179

True/False

An aging of trade accounts receivable schedule is based on the premise that the longer the period an account remains unpaid, the greater the probability that it will eventually be collected.

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