To classify a receivable as a current asset it must be collected within one year or the normal operating cycle of the business, whichever is shorter.

Name: To classify a receivable as a current asset it must be collected within one year or the normal operating cycle of the business, whichever is shorter.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

To classify a receivable as a current asset, it must be collected within one year or the normal operating cycle of the business, whichever is longer.

To Classify a Receivable as a Current Asset It Must