Required information[The following information applies to the questions displayed below.]The following is a portion of the current asset section of the balance sheets of HIROE Co., at December 31, 2020 and2019:Accounts receivable, less allowance for uncollectibleaccounts of $8,600 and $4,900, respectivelye-2. What factors might have caused the change in this ratio?Check All That Apply12/31/20$147,100Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020.12/31/19$127,200Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2020.Credit was extended to proportionately more slow-paying or high credit-risk customers during 2019.Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2019.Proportionately fewer bad accounts were actually written off during 2020.Proportionately fewer bad accounts were actually written off during 2019.

The accounts receivable balance is higher in the year 2020 which means the customers are paying…

Required information [The following information applies to the questions displayed below.] The following is a portion of the current asset section of the balance sheets of HIROE Co., at December 31, 2020 and 2019: Accounts receivable, less allowance for uncollectible accounts of $8,600 and $4,900, respectively e-2. What factors might have caused the change in this ratio? Check All That Apply 12/31/20 12/31/19 $147,100 $127,200 Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020. Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2020. Credit was extended to proportionately more slow-paying or high credit-risk customers during 2019. Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2019. Proportionately fewer bad accounts were actually written off during 2020. Proportionately fewer bad accounts were actually written off during 2019.

Required information [The following information applies to the questions displayed below.] The following is a portion of the current asset section of the balance sheets of HIROE Co., at December 31, 2020 and 2019: Accounts receivable, less allowance for uncollectible accounts of $8,600 and $4,900, respectively e-2. What factors might have caused the change in this ratio? Check All That Apply 12/31/20 12/31/19 $147,100 $127,200 Credit was extended to proportionately more slow-paying or high credit-risk customers during 2020. Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2020. Credit was extended to proportionately more slow-paying or high credit-risk customers during 2019. Credit was extended to proportionately more slow-paying or lower credit-risk customers during 2019. Proportionately fewer bad accounts were actually written off during 2020. Proportionately fewer bad accounts were actually written off during 2019.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 10PA: Elegant Universal uses the balance sheet aging method to account for uncollectible debt on...

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