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    Intermediate Accounting Study Set 7
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    Exam 9: Short-Term Operating Assets: Cash and Receivables
  5. Question
    Pledged Receivables Are Reported as Current Assets While Assigned Receivables
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Pledged Receivables Are Reported as Current Assets While Assigned Receivables

Question 71

Question 71

True/False

Pledged receivables are reported as current assets while assigned receivables are reported as non-current assets. The pledged and assigned receivables are used as collateral for a long-term obligation.

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