Which One of the Following Statements Is True If a Company's

question 64

Multiple Choice

Which one of the following statements is true if a company's collection period for accounts receivable is unacceptably long?

• A)The company may need to borrow to acquire operating cash.
• B)The company may offer trade discounts to lengthen the collection period.
• C)Cash flows from operations may be higher than expected for the company's sales.
• D)The company should expand operations with its excess cash.

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