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Define and explain two common types of receivables.

Define and explain two common types of receivables.

Define and explain two common types of receivables.

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Provide the formula for each of the three methods of depreciation along with an example and rationale for use.

Example would be straight line depreciation, provide the formula, and why a business would chose to use it.

 

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………………………Answer preview…………………….

Accounts receivable is the sum of money customers owe the firm for normal purchases on credit. They are considered to be a current asset since they are collected within a period of two months after the sale. They appear below the short-term investments on the balance sheet. On the other hand, notes receivable are the sums of money…………….

APA

1606 words

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