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Case 2 . 3 Balance Sheet Netting Cooper Motors has an account receivable from a customer, Rusty Services. Cooper also has an account payable balance

Case 2.3 Balance Sheet Netting Cooper Motors has an account receivable from a customer, Rusty Services. Cooper also has an account payable balance due to Rusty Services. Cooper is asserting that it is appropriate to report only the net of these two balances on its balance sheet. You are the auditor for Cooper. Justify why you agree or disagree with this position.

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