acg7a - and sales, and asset collection. 4. Only allow...

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True/False 1. True 2. False 3. True 4. False 5. False 6. False 7. True 8. True 9. False 10. True 11. True 12. True 13. False 14. True Multiple Choice 1. C 2. B 3. C 4. A 5. B 6. A 7. C 8. B 9. C 10. D 11. A 12. B Problems 1. a) CA b) CA c) CA d) I e) CA and I 2. Taxes Receivable, Interest Receivable, Employee Receivables 3. Separation of employee duties for keeping records of receivables, credit approval
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Unformatted text preview: and sales, and asset collection. 4. Only allow personnel to approve credit for smaller purchases. 5. a) $9,500 added to allowance for doubtful accounts. $10,000 final balance. b) $25,000 added to allowance for doubtful accounts. $30,000 final balance....
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This note was uploaded on 02/10/2012 for the course ACG 2021C taught by Professor Mcdonald during the Summer '08 term at University of Florida.

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