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Which one of the following statements is false??

?Aging schedules are used to monitor accounts receivable.

?An aging schedule includes only overdue accounts.

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

?Collection efforts may involve legal action

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

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92307454

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