What form of union is confirmed by a official instrument and also normally requires the payment the interest?A. Past-due account receivablesB. One account receivableC. A keep in mind receivableD. A trade receivable


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Which that the following should it is in classified as an "other" receivable?A. Note receivableB. Profession receivablesC. Attention receivablesD. Account receivables
What type of receivables an outcome from sales transactions?A. Various other receivablesB. Non-trade receivablesC. Permanent receivablesD. Trade receivables
When is a receivables taped by a company organization?A. As soon as the related costs are incurredB. When business is noted on accountC. Once the bill is sent out to the customerD. Once the customer pays
At what value are accounts receivables ~ above the balance sheet?A. Existing valueB. Cash (net) realizable valueC. Fair market valueD. Maturity value
Which among the following statement is true?A. Negative debt expense and allowance for hesitant accounts space both in the name accounts and are closed in ~ the end of the budget periodB. Poor debts expense and allowance for doubtful accounts space both genuine accounts and neither room closed at the end of the fiscal yearC. Bad debt expense is a in the name of account and also is closed at the end of the budget period, while pin money for doubtful accounts is a genuine account and also remains open at the end of the fiscal periodD. Negative debt expense is a actual account and remains open at the end of the fiscal period, while allowance for unconvinced accounts is a in the name of account and also is closed at the end of the budget period
Which one of the adhering to is component of the transaction the is recorded as soon as an account is written off under the allowance method?A. Pin money for hesitant accounts is debitedB. Loss on accounts receivable account is debitedC. Account receivable account is debitedD. Negative debts expense account is debited
Notes receivable space reported in the current assets ar of the balance sheet atA. The marketing price in ~ which the perform was offered to the customersB. Sector valueC. Total principal plus attention for the ax of the loanD. Cash (net) realizable value
Which among the complying with is not one of the five an easy issues in accountancy for note receivable?A. Realizing notes receivableB. Valuing notes receivableC. Disposing of note receivableD. Recognizing notes receivable
Which among these statements about promissory note is incorrect?A. The party do the promise to pay is dubbed the makerB. A promissory keep in mind is not a negotiable instrumentC. The party to who payment is to be made is dubbed the payeeD. A promissory keep in mind is much more liquid 보다 an account receivable
At what quantity is a short-lived notes receivable recorded on the issue date?A. Current valueB. Maturity valueC. Confront valueD. Fair sector value
Interest is usually associated withA. Hesitant accountsB. Notes receivableC. Poor debtsD. Account receivable
The receivable that is usually evidenced by a formal tool of credit transaction is a(n)A. Revenue tax receivableB. Keep in mind receivableC. Accounts receivableD. Profession receivables
Which of the complying with receivables would not it is in classified as an "other receivable"?A. Refundable revenue taxB. Notes receivableC. Interest receivableD. Advance to an employee
Notes or accounts receivables that an outcome from sales transactions are regularly calledA. Non-trade receivablesB. Was receivablesC. Profession receivablesD. Sales receivables
The hatchet "receivables" ad toA. Cash to be payment to debtorsB. Quantities due from individuals or companiesC. Cash to be paid to creditorsD. Merchandise come be built up from individuals or companies
Receivables areA. Insurance claims that room expected to be built up in cashB. One of the most liquid assets and thus are constantly considered existing assetsC. Displayed on the earnings statement in ~ cash realizable valueD. Constantly the an outcome of revenue recognition
Non-trade receivables have to be reported individually from profession receivables. Why is this statement true or false?A. It is false because all present receivables have to be grouped together in one accountB. The is true because non-trade receivables do not result from company operations and also should no be contained with accounts receivablesC. That is false due to the fact that management can decide exactly how to report receivablesD. That is true due to the fact that trade receivables are existing assets and non-trade receivables are long term
Which that the following would most likely be the most far-ranging type the a claim held by a company?A. Note receivableB. Non-trade receivablesC. Account receivableD. Attention receivable
Which one of the complying with is not an audit problem (issue) associated with account receivablesA. Valuing account receivablesB. Depreciating account receivablesC. Increasing cash receipts from accounts receivablesD. Recognizing account receivable
The allowance for doubtful accounts is vital becauseA. Once recording uncollectible accounts expense, that is not feasible to know which certain accounts will certainly payB. Uncollectible accounts that room written off should be collected in separate accountC. Monitoring needs come accumulate all the credit losses end the yearsD. A liability results once a credit transaction sale is made
The account pin money for cynical accounts is classified as a(n)A. ExpenseB. Contra account to account receivablesC. Contra account of bad debt expenseD. Liability
Under the allowance method, poor debt cost is recordedA. When an individual account is written offB. Because that an amount that the agency estimates it will not collectC. When the ns amount is knownD. Several times during the accounting period
Under the pin money method, creating off an uncollectible accountA. Influence both balance sheet and also income statement accountsB. Affects only balance paper accountsC. Affects only income statement accountsD. Is no acceptable practice
The network amount expected to be obtained in cash indigenous receivables is termed theA. Cash-good valueB. Gross cash valueC. Cash realizable valueD. Cash-equivalent value
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Fundamentals of jae won Management, Concise edition (with Thomson ONE)8th EditionEugene F. Brigham, Joel F Houston
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Fundamentals of that company Finance11th EditionBradford D. Jordan, Randolph W. Westerfield, Stephen A. Ross


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