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1. The receivable that is usually evidenced by a formal, written instrument of credit is a(n) Question 1 options: Trade receivable Note receivable Accounts receivable

1.

The receivable that is usually evidenced by a formal, written instrument of credit is a(n)

Question 1 options:

Trade receivable

Note receivable

Accounts receivable

Income tax receivable


2.

The term "receivables" includes all

Question 2 options:

Money claims against other entities

Merchandise to be collected from individuals or companies

Cash to be paid to creditors

Cash to be paid to debtors

3.

Indications that an account may be uncollected include all of the following except

Question 3 options:

The customer closes its business

The customer is making small but regular payments

The customer files for bankruptcy

The customer cannot be located

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