D. All of these. 44. When bad debts exceed the amount estimated and written off in the previous accounting period, the company is required to issue amended financial statements True False note True False the allowance frdoubtful accounts for a company should be fairly 47. normal eircumstances, False 48. Irthhe recer vables turnover ratio rises signifieantly, the increase may be a signal that the company is extending credit to high-risk True False 49. Which of the following statements regarding the tra deoffs of extending credit is (are) true? A. Extending credit to at least some customers is necessary in a competitive market to avoid losing sales to Even if a company were to collect in full from customers, there would be a cost of extending credit to competitors customers C. Both A) and B) above are true. D. Neither A) nor B) above is true