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Which one of the following statements is false? Aging schedules are used to monitor accounts receivable.

  • Collection efforts may involve legal action.

  • If sales are seasonal, the percentages shown on an aging schedule will vary during the year.

  • An aging schedule includes only overdue accounts.

  • Investments in accounts receivable equal average daily sales times average collection period.

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llentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscin

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, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet a

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iscing elit. Nam lacinia pulvinar tortor nec fac

iscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante, dapibus a molestie consequat, ultrices ac magna. Fusce dui lectus, congue vel laoreet ac,

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acinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante,

gue vel laoreet ac, dictum vitae odio. Donec aliquet. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam lacinia pulvinar tortor nec facilisis. Pellentesque dapibus efficitur laoreet. Nam risus ante

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