Select the Correct Statement

Select the correct statement.

A) To remain competitive, it is usually best for a firm to take longer to collect money owing by accounts receivable.
B) By exercising tighter control over accounts receivable, it may be possible for a firm to release funds for other purposes.
C) By lessening control over accounts receivable, it may be possible for the firm to make accounts receivable balances available for other purposes.
D) None of the statements is correct.

Correct Answer:

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