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Find what change would be expected on the balance sheet

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Reference no: EM132899785

Problem 1: If a company had been extending trade credit on a 2/10, net 30 basis, what change would be expected on the balance sheet/statement of financial position of its customer if the firm went to a net cash 30 policy?

Option 1: Increased payables

Option 2: Decreased payables

Option 3: Increased receivables

Option 4: Decreased in cash

Reference no: EM132899785

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