Which of the Following Would Be Least Expected to Change

question 36

Multiple Choice

Which of the following would be least expected to change as a result of a higher average age of receivables?

• A) Current ratio
• B) Total collection costs
• C) Accounts payable
• D) Bad debt expense

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Definitions:

Bribery

The act of offering, giving, receiving, or soliciting something of value to influence the action of an official or other person in charge of a public or legal duty.

Public Official

An individual holding a position of authority or service in government, serving the public’s interest.

Federal Statute

A law enacted by the national government of the United States, which applies across the entire country, superseding state laws when in conflict.

Criminal Liability

The conditions under which an individual or entity can be held legally responsible for actions classified as crimes by law.