Question: Which is true about time in accounting? Current liabilities are debts payable within 2 years. Balance sheets reflect a company's financial position at a certain

Which is true about time in accounting? Current liabilities are debts payable within 2 years. Balance sheets reflect a company's financial position at a certain point in time. The time value of money is a finance concept, not relevant in accounting. Accounts receivable are more easily collected as time passes

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