Cumberland,Inc.has applied to its bank for a loan.The bank asks Cumberland's controller about the total amount of the company's accounts receivable.Assuming that all accounting records are up-to-date,the controller can best answer this question by referring to:
A) The Income Statement.
B) The Accounts Receivable control account.
C) The Accounts Receivable subsidiary ledger.
D) Last year's Balance Sheet.
Correct Answer:
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