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    PREVENTI9's Avatar
    PREVENTI9 Posts: 2, Reputation: 1
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    #1

    Apr 24, 2009, 08:33 PM
    When companies sell their receivables to other companies , the transaction is called
    1- Receivables from company owners and officers should be disclosed separately on the balance sheet. True or false

    2- Receivables not currently collectible are reported in the investments section of the balance sheet. True or false.
    PREVENTI9's Avatar
    PREVENTI9 Posts: 2, Reputation: 1
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    #2

    Apr 24, 2009, 08:36 PM

    1- true
    2-false
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Apr 24, 2009, 10:26 PM

    Correct.
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