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H3Ko H3Ko
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7 years ago
The collection period of accounts receivable is usually long: therefore, it is classified as a long-term asset on the balance sheet.
A) True
B) False
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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H3Ko Author
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7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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