Regan, Inc. implemented a program to improve the collection of its receivables. Over the past two...
Regan, Inc. implemented a program to improve the collection of its receivables. Over the past two years, the company has collected 88% of its receivables, up from 80%. A review of the company’s financial statements would be expected to show:
Multiple Choice
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an increase in the percentage of the allowance for credit losses to receivables.
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no difference in the percentage of the allowance for credit losses to receivables.
-
a reduction in the percentage of the allowance for credit losses to receivables.
-
None of these answer choices are correct.
Homework Answers
| Answer : a reduction in the percentage of the allowance for credit losses to receivables. |
| Explanation : |
| Here, the percentage of collection from customers has increased from 80% to 88% which means that there is a reduction in the percentage of the allowance for credit losses to receivables |
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