Accounts receivable would be expected
If a firm's payment terms for sales made on account to its customers were 2/10, n30, the number of days' sales in accounts receivable would be expected to be:
A) less than 10.
B) between 10 and 25.
C) between 25 and 40.
D) over 40.
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Penn County provides a defined benefit pension plan for its employees. The County accounts for the pension plan in a Pension Trust Fund in the County's basic financial statements.
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