Any action for breach of a sales contract must be begun within:

A) four years after the cause of action accrued.
B) five years after the cause of action accrued.
C) whatever period of time the parties have set in their contract.
D) two years of when the breach actually occurred or within five years of its discovery.

A

Business

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Fill in the blank(s) with the appropriate word(s).

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When using the allowance method, Allowance for Bad Debts is debited when an account receivable is written off

Indicate whether the statement is true or false

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