What are accounts receivable and notes receivable?

What is meant by the net realizable value of receivables?

What is the Allowance for Doubtful Accounts?

What is the advantage of using the allowance method of accounting for uncollectible accounts?

What is accrued interest?

Name and describe the four cost flow methods discussed in your reading.

What is the difference between the flow of costs and the physical flow of goods?

Distinguish between current liabilities and long$-$term debt.

What are contingent liabilities?

What is a classified balance sheet?