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    Fundamentals of Financial Accounting Study Set 5
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    Exam 8: Reporting and Interpreting Receivables, Bad Debt Expense, and Interest Revenue
  5. Question
    If a Company Did Not Extend Credit to Customers
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If a Company Did Not Extend Credit to Customers

Question 21

Question 21

Multiple Choice

If a company did not extend credit to customers:


A) gross revenue would rise.
B) costs would rise but so would its revenue.
C) costs would fall but so would its revenue.
D) gross profit would rise.

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