(1) Which of the following situations would more likely not result in bad debts? a. The company extends credit easily. b. The company has a strict credit policy c. The compant]y has a cash only policy d. None of these answers are correct

2- Ending Inventory: a. Increases Cost of Goods Sold. B. Decreases Cost of Goods sold. C. Does not effect cost of goods sold. D. increases libilities