What is the distinguishing characteristic between accounts receivable and notes receivable?
A) Accounts receivable are usually current assets while notes receivable are usually long-term assets.
B) Accounts receivable require payment of interest while notes receivable does not have payment of interest.
C) Notes receivable result from credit sale transactions for merchandising companies, while accounts receivable result from credit sale transactions for service companies.
D) Notes receivable generally specify an interest rate and a maturity date at which any interest and principle must be repaid.
D
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The concept of a human or moral right is central to the utilitarian ethical tradition.
Answer the following statement true (T) or false (F)
The time horizon for ______ is 3 months or less.
A. intermediate-term demand planning decisions B. long-term demand planning decisions C. short-term demand planning decisions D. prolonged demand planning decisions
Which of the following is least likely to be a core competency of a fast-food restaurant chain?
a. Cost reduction leading to low-cost product b. Inventory control to ensure adequate product availability c. Flexibility to allow customers many customized product offerings d. Quick preparation of product
The cost of an asset is $1,000,000, and its residual value is $290,000. Estimated useful life of the asset is five years. Calculate depreciation for the first year using the double-declining-balance method of depreciation
A) $284,000 B) $400,000 C) $200,000 D) $142,000