Which of the following situations would likely result in too many uncollectible accounts?
A)The company extends credit easily.
B)The company has a strict credit policy.
C)The company has a cash only policy.
D)None of these answers is correct.

Question

Quizplus · Accepted Answer

If the company extends credit easily, it increases the risk of having customers who are unable to pay their debts, resulting in more uncollectible accounts.

Which of the Following Situations Would Likely Result in Too