With an Unchanging Collection Pattern but a Trend of Increasing

question 21

Multiple Choice

With an unchanging collection pattern but a trend of increasing sales,a calculated aging schedule would show proportionally _______ dollar sales as current or almost current,indicating a _______ favorable collection experience.

• A)lower,more
• B)higher,more
• C)lower,less
• D)higher,less

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Definitions:

Instantaneous Forms

Documents or agreements that become effective immediately upon execution or fulfillment of certain conditions.

Mirror Image Rule

A principle in contract law that requires the acceptance of a contract offer to be identical to the offer for a legally binding agreement to be formed.

Material Difference

A substantial and significant variation or discrepancy that affects the value or function of an item or agreement.

Grumbling Acceptance

Reluctant or unwilling acceptance of an outcome or condition while expressing dissatisfaction or discontent.