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Which of the following is true of a binding contract?
Receiving Report
A document completed by the receiving staff of a company, detailing the items received, their quantities, and condition upon delivery.
Invoice
A document issued by a seller to a buyer that outlines a transaction and includes details of goods or services provided, prices, date, and payment terms.
Accounts Receivable
Funds that customers owe to a business for products or services provided but not yet compensated for.
Liquidity
A measure of how easily assets can be converted into cash without significant loss in value.
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