Once a CPA Has Determined That Accounts Receivable Have Increased

question 36

Multiple Choice

Once a CPA has determined that accounts receivable have increased due to slow collections in a "tight money" environment,the CPA would be likely to:

• A)Increase the balance in the allowance for bad debts accounts.
• B)Review the going concern ramifications.
• C)Review the credit and collection policy.
• D)Expand tests of collectibility.

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