Which of the following statements is false? (a) Loans and receivables include equity securities purchased by the

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Which of the following statements is false?

(a) Loans and receivables include equity securities purchased by the company.

(b) Loans and receivables include credit card receivables.

(c) Loans and receivables include amounts owed by employees as a result of company loans to employees.

(d) Loans and receivables include amounts resulting from transactions with customers.

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Accounting Tools For Business Decision Making

ISBN: 9780470534786

4th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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