Peggy is in the business of purchasing accounts receivable from and then collecting them....

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Accounting

Peggy is in the business of purchasing accounts receivable from
and then collecting them. Last year, she purchased a $30,000 a
$25,000. This year, the account war-atled for $25,000. How r
and in which year?
a. $5,000 for the prior year.
b. $5,000 for the prior year and $5,000 for the current year.
c. $ -0- for the current year.
d. $5,000 for the current year:
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