Question
Ceres Corporation made travel advances to the marketing team. Why are they considered nontrade receivables? The amounts are owed to the employees, not to the
Ceres Corporation made travel advances to the marketing team. Why are they considered nontrade receivables?
The amounts are owed to the employees, not to the company.
The amounts owed to the company did not result from selling goods or services.
The amounts owed to the company are not from external parties.
The amounts owed will not cause a decrease in the Cash account.
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Advanced Accounting
Authors: Gail Fayerman
1st Canadian Edition
9781118774113, 1118774116, 111803791X, 978-1118037911
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