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Question 2 [10 points] Choose the term that best matches each of the following descriptions: av select answer liquidity ratio that is a strict
Question 2 [10 points] Choose the term that best matches each of the following descriptions: av select answer liquidity ratio that is a strict m Accounts receivable turnover b Acid-test ratio, or quick ratio he fee for using the principal. Aging of accounts receivable C Allowance for Doubtful Accounts (AFDA) he amount owed. Balance sheet method d Bank statement urrent assets that are one ste Creditor, or payee e Debtor f) Date of a note Deposits in transit method that calculates the tot small amount of cash kept on g Due date, or the maturity date Income statement method h Interest Internal controls i) Petty cash fund Principal j) Promissory note C Quick current assets Simplified balance sheet method The time or term of a note Uncollectible accounts or bad debts Write-off method to estimate bad debt e method of estimated uncollecti e date on which the principal ar ome amounts of credit sales that
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