The aging schedule shows the breakdown of the firm's accounts receivable by their date of sale, identifies and tracks delinquent accounts, and is an important financial tool for analyzing the quality of a company's receivables. Therefore, all of the above statements are correct.

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The Aging Schedule

Question 47

Multiple Choice

The aging schedule

A) shows the breakdown of the firm's accounts receivable by their date of sale.
B) identifies and then tracks delinquent accounts and to see that they are paid.
C) are an important financial tool for analyzing the quality of a company's receivables.
D) All of the above.

Correct Answer: