In the scenario of a cash free/debt free transaction, the sellers will keep the cash, the debt, the AR and the AP. For the AR, they will make sure they will invoice everything before closing, as that is in their interest. How are the APs typically treated? Let's say the target company is working with a sub-trade, and they get invoiced after closing, but for work that they performed before closing? Who's responsible to pay that invoice, the seller or the buyer?
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