For most businesses receivables that have aged to the 90-120 days have concerns of the probability of collectibility. a) True b) False Accounts Receivable Turnover measures: a) how frequently during the year the accounts receivable are converted to cash Ob) the number of days outstanding c) the efficiency of the accounts payable function d) the fair market value of accounts receivable Most large companies use the direct write-off method for uncollectible receivables. a) True b) False A declining balance method of depreciation takes more depreciation in the early years of ownership of an asset because the theory is the asset depreciates more rapidly in the early years. a) True b) False The net book value of an asset is its original cost at installation less its accumulated depreciation. a) True Ob) False The partner capital accounts may change due to capital additions, net income, or withdrawals. a) True b) False Many large companies, like Best Buy, Target and Walmart are corporations because they need to raise large amounts of capital. a) True ) False