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ch4aika [34]
2 years ago
14

A large manufacturing firm has been selling on a 3/10, net 30 basis. The firm changes its credit terms to 2/20, net 90. What cha

nge might be expected on the balance sheets of the manufacturing firm
Business
1 answer:
sweet-ann [11.9K]2 years ago
7 0

The change  that might be expected on the balance sheets of the manufacturing firm is: Increased payables and decreased bank loan.

<h3>What is Account payable?</h3>

Account payable is a liability and can be defined as the money a company  owning their client or the money a company  is expected to pay their  customer or client for the services they rendered to the company

Based on the information given the expected change on  the balance sheet of the company is increase in account payables and decrease in bank loan.

Therefore the change  that might be expected on the balance sheets of the manufacturing firm is: Increased payables and decreased bank loan.

Learn more about account payable here:brainly.com/question/1347024

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