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Answer to Question #244195 in Accounting for nicole

Question #244195

7. Suppose Ms. Ellana has to owe you money for selling goods on May 12, 2021 and she

will be going to pay only on November 2, 2021, prove that your accounts receivable is

current in nature.





1
Expert's answer
2021-10-12T12:29:40-0400

The period between 12th May,2021 and 2nd November, 2021 is less than one year,hence accounts receivable is

current in nature.


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