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A company reports the following results in its financial statements:
Year 3 Year 2 Year 1
Calculate the company accounts receivable turnover for Year 2 and Year 3. Compare these two results and give a possible explanation for any significant change.
Amortization
The gradual reduction of a debt over a period of time through regular payments covering interest and principal.
Dividends
Payments made by a corporation to its shareholder members from the company's earnings, distributed among shareholders.
Acquisition Date
The exact date on which the acquirer effectively gains control over the acquiree in a business combination.
Impairment Loss
A charge recorded when the carrying amount of an asset exceeds its recoverable amount.
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