Answered: The only effect of a change in the…

The only effect of a change in the investment of accounts receivable is the extra interest to be paid to finance increases or the interest saved by lowering the investment. Yes or no?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 26MC: What is the impact on the accounting equation when an accounts receivable is collected? A. both...

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The only effect of a change in the investment of accounts receivable is the extra interest to be paid to finance increases or the interest saved by lowering the investment.

Yes or no?

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