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Which of the following would tend to decrease velocity?
Current Assets
Assets that are expected to be converted into cash, sold, or consumed within one year or the operating cycle, whichever is longer.
Receivables
Amounts owed to a company by its customers arising from the sale of goods or services on credit.
Bad Debt Expense
An estimated expense that represents accounts receivable that a company does not expect to collect due to customer defaults.
Uncollectible Accounts Expense
An expense account that represents money owed to a company that is not expected to be collected due to customer defaults.
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