Multiple Choice
Notes can be discounted;the accounts receivable represented by notes are taken out of the assets at the time of discounting.However,this can still represent:
A) A potential gain
B) A latent liability
C) A fictive asset
D) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q4: What is the name of the written
Q5: The valuation of the uncollectibility risk constitutes
Q6: How is the figure for 'average days
Q7: Generally,the uncollectibility risk is evaluated and an
Q8: Which method is used for reporting current
Q10: Held-to-maturity investments are valued at fair value
Q11: Which of the following items is not
Q12: The more a receivable exceeds the contractual
Q13: Which of the following items is not
Q14: What does the credit policy of a