Question: Accounts receivable are classified as current assets: Multiple Choice Only if convertible into cash within one year. Only if the allowance method is used to

Accounts receivable are classified as current assets:
Multiple Choice
Only if convertible into cash within one year.
Only if the allowance method is used to estimate the uncollectible accounts.
Whenever the accounts receivable arise from "normal" sales of merchandise to customers, regardless of the credit terms.
Only if convertible into cash within 60 days or sooner.
Accounts receivable are classified as current

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