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    Financial Accounting Study Set 3
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    Exam 2: Measuring and Evaluating Financial Position and Financial Performance
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    To Which Balance Sheet Grouping Does the Item 'Accounts Receivable
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To Which Balance Sheet Grouping Does the Item 'Accounts Receivable

Question 19

Question 19

Multiple Choice

To which balance sheet grouping does the item 'accounts receivable' normally belong?


A) Current asset
B) Noncurrent asset
C) Current liability
D) Noncurrent liability

Correct Answer:

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