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of 38 Your company previously averaged about 20% of its total accounts receivable in the over 90 days past due category and now has 35%
of 38 Your company previously averaged about 20% of its total accounts receivable in the "over 90 days past due" category and now has 35% in this category All else equal, using the aging of accounts receivable method, the amount of the bad debt adjustment will Select one a fall, increasing the ending balance of the allowance account. b. rise, increasing the ending balance of the allowance account c. fall, decreasing the ending balance of the allowance account. O d. rise, increasing the ending balance of accounts receivable. NE An increasing balance in the inventory account and an increasing inventory turnover ratio would imply that the inventory build up is occurring because Select one: O a goods are not selling as fast as anticipated: Ob the company is expecting to sell more in the future. O c.goods are selling but it is taking longer to collect from customers. O d. goods cannot be shipped fast enough
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