Which of the Following Statements Is Not True

question 6

Multiple Choice

Which of the following statements is not true?

• A)An ageing schedule shows only overdue accounts.
• B)An ageing schedule shows the probability that a 67-day account will be unpaid when it is a
• 68-day account.
• C)Average collection period data is somewhat flawed if sales are seasonal.
• D)Collection efforts may involve legal action.
• E)Investments in trade receivables equal average daily sales times average collection
• Period.

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Definitions:

Folder Window

A graphical user interface element that displays the contents of a folder, often within a file management system.

USB Flash Drive

A portable storage device that uses flash memory to store data, easily connected to a computer via a USB port.

File Management

The practice of organizing, storing, and coordinating computer files in a systematic way for efficient access and use.

MacOS

An operating system developed by Apple Inc. for Mac computers, known for its intuitive user experience and design.