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Shop inventory of valentine cards

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Reference no: EM131688066

Classify each of the investments in assets as either permanent or temporary (explain in 2-3 senminimum):

a) A seasonal increase in a card shop's inventory of Valentine cards.

b) The acquisition of a new forklift truck that is expected to have a useful life of five years.

c) An increase in accounts receivable resulting from an expansion in the firm's customer base.

Reference no: EM131688066

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