Question: The AB Partnership purchases plastic components and assembles childrens toys. The assembly operation requires a number of special machines that are housed in a building

The AB Partnership purchases plastic components and assembles children’s toys. The assembly operation requires a number of special machines that are housed in a building the partnership owns. The partnership has depreciated all its property under MACRS. The partnership sells the toys on account to a number of retail establishments and uses the accrual method of accounting. Identify any items you think might be classified as unrealized receivables.

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