Solved

An Account Receivable Represents

Question 58

Short Answer

An account receivable represents
an asset with long-term use or value, such as land, buildings, and equipment.
an amount due from a customer who has purchased goods on credit.
an expense, such as rent, that is paid before the upcoming period in which it is due.
a nonphysical asset, such as a patent or trademark, that has economic value in the form of expected benefit.
an asset that can or will be converted to cash within the following year.

Correct Answer:

verifed

Verified

an amount due from a...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents