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