Quiz Ch 15 – T/F Impact of Payment Policy Change on Financial Statements

Fundamentals of Financial Management, Concise

Brigham and Houston

09th Edition

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True or false: Shifting from taking trade credit discounts to paying on the net due date might result in some added expenses, but it is expected to have a negligible effect on the income statement and no impact on the balance sheet.

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  • Search Terms: a. b. false true a and balance but cost credit date, discounts due effect firm from have if income might money, negligible net no on only paying policy probably sheet. some statement such switched taking the this to trade whatever would
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