On 2 January 2011 Fife Corp Sells Goods to O'Brien

Multiple Choice

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