On 2 January 2011 Fife Corp sells goods to O'Brien who agrees to pay for them within 60 days.On the balance sheet for Fife Corp at 2 January 2011 the amount owing by O'Brien would be reported as the asset:
A) Accounts payable
B) Accounts receivable
C) Advance payment by a customer
D) Cash at bank
Correct Answer:
Verified
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