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Which of the Following Statements Regarding Trade Receivables Is NOT

Question 1

Multiple Choice

Which of the following statements regarding trade receivables is NOT true?


A) Trade receivables owe money to the business.
B) Trade receivables have supplied goods to the business.
C) Trade receivables are customers of the business who owe for the goods they have received.
D) Trade receivables are treated as current assets.

Correct Answer:

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