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  3. Study Set
    Fundamental Financial Accounting Concepts Study Set 1
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    Exam 7: Accounting for Receivables
  5. Question
    When a Company Receives Payment from a Customer Whose Account
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When a Company Receives Payment from a Customer Whose Account

Question 77

Question 77

True/False

When a company receives payment from a customer whose account was previously written off,the account is reinstated and the net realizable value of Accounts Receivable increases.

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