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Cumberland, Inc. has applied to its bank for a loan. The bank asks Cumberland's controller about the total amount of the company's accounts receivable. Assuming that all accounting records are up-to-date, the controller can best answer this question by referring to:

A. The Income Statement.
B. The Accounts Receivable controlling account.
C. The Accounts Receivable subsidiary ledger.
D. Last year's Balance Sheet.

User Pcunite
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Answer:

B. The Accounts Receivable controlling account.