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11.14 Which of the fllowing statements are correct?
1 An aged receivables analysis shows how long invoices for each customer have been outstanding.
2 A credit limit is a tool applied by the credit control department to make suppliers provide goods on time.
3 Receivables are included in the statement of financial position net of the receivables alowance.
4 Credit limits are applied to customers who purchase goods using cash only.
A 1and2
B 2and3
C 1and3
D 3and4
答案：C
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