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    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 7: Accounting for Receivables
  5. Question
    Which of the Following Is a Cost of Extending Credit
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Which of the Following Is a Cost of Extending Credit

Question 23

Question 23

Multiple Choice

Which of the following is a cost of extending credit to customers?


A) Uncollectible accounts expense
B) Lost sales
C) Fees paid to credit card companies
D) Explicit interest

Correct Answer:

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