Which of the following statements is correct regarding receivables? a. Receivables are written promises of the purchaser to pay for goods or services. b. Receivables are claims held against customers and others for money, goods, or services OC Receivables are non-financial assets. Od. Receivables that are expected to be collected within a year are classified as non- current Grieves Company has the following items at year end: Cash in bank $42,000 Petty cash 1,500 Short-term paper with maturity of 2 months 6,500 Postdated cheques 3,400 Grieves should report cash and cash equivalents of O a. $50,000 b. $46,600. OC. $43,500. d. $42,000