(1) Which of the following situations would more likely not result in bad debts?
a. The company extends credit easily.
b. The company has a strict credit policy
c. The compant]y has a cash only policy
d. None of these answers are correct (2) Ending Inventory:
a. Increases Cost of Goods Sold.
b. Decreases Cost of Goods sold.
c. Does not effect cost of goods sold.
d. increases libilities.