As the past due time increases for an account, the likelihood of collecting that account:
A) usually goes down.
B) usually goes up.
C) Time does not affect collectibility.
D) None of the above

Question

Quizplus · Accepted Answer

As the amount of time an account remains past due increases, the likelihood of successfully collecting on that account typically decreases. This is because the longer a debt goes unpaid, the more difficult it often becomes to collect, either due to the debtor's financial situation worsening or the debt becoming less of a priority for the debtor.

As the Past Due Time Increases for an Account, the Likelihood