Question
Which of the following is a difference between trade and non-trade receivables? Question content area bottom Part 1 A. Trade receivables are generally verbal contracts
Which of the following is a difference between trade and non-trade receivables?
Question content area bottom
Part 1
A.
Trade receivables are generally verbal contracts versus non-trade receivables, which are generally constructive contracts.
B.
Trade receivables are generally recorded using present value techniques versus non-trade receivables, which are generally recorded using market interest rates.
C.
Trade receivables are generally outstanding for long periods of time versus non-trade receivables, which are generally outstanding for short periods of time.
D.
Trade receivables are generally verbal contracts versus non-trade receivables, which are generally written contracts.
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