An account receivable is an obligation that the firm has to pay to non-employee suppliers

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An account receivable is an obligation that the firm has to pay to  non-employee suppliers, such as vendors who provide raw              materials. This account is a current liability because it needs to be paid within one year.
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Answer & Explanation:

False
Explanation: An account receivable is not an obligation that the firm has to pay, but rather an amount owed to the firm by its customers for goods or services provided on credit. It represents the right to receive payment from customers. Therefore, it is classified as a current asset, not a current liability.