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2
2.Accounts receivable is:
a. a customer's promise to pay in the future for services or goods sold
b. a debt owed for renting a building currently
c. a liability created when a business collects cash from customers in advance
d. an amount earned from services to customers
Expert Solution
2.Accounts receivable is "a customer's promise to pay in the future for services or goods sold". So, the correct option is A. A receivable involves a future receipt of cash.
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