If a company is concerned about extending credit to a risky customer, it could do any of
Question:
If a company is concerned about extending credit to a risky customer, it could do any of the following except:
(a) require the customer to pay cash in advance.
(b) require the customer to provide a letter of credit or a bank guarantee.
(c) contact references provided by the customer, such as banks and other suppliers.
(d) provide the customer a lengthy payment period to increase the chance of paying.
AppendixLO1
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Related Book For
Accounting Tools For Business Decision Making
ISBN: 9781118771112
5th Edition
Authors: Kimmel, Wetlands, Kieso
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