微信扫一扫
实时资讯全掌握
|
A firm has booked as a sale, the transfer of $100 million in short-term accounts receivable to Public Finance Co., subject to recourse. The notes to the financial statements disclose that as of the end of the fiscal year, $80 million remained uncollected. In order to reflect this on the balance sheet, which of the following adjustments must be made? A. Decrease cash and increase accounts receivable. B. Increase accounts receivable and increase current liabilities. C. Decrease retained earnings and increase accounts receivable. |