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Match the Term and the Explanation

Question 104

Short Answer

Match the term and the explanation.Not all explanations will be used.
_____ Note
_____ Net accounts receivable
_____ Bad debt expense
_____ Maturity date
_____ Days-to-collect
_____ Gross accounts receivable
_____ Summary of Significant Accounting Policies
_____ Allowance for doubtful accounts
_____ Receivables turnover
A.The time at which a loan must be repaid.
B.A financial statement that shows the calculation of bad debt expense for a company.
C.Total money owed the company for sales made on credit.
D.Net credit sales revenue divided by the net income.

Correct Answer:

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