A Schedule of Accounts Receivable Is Prepared from the

question 21

Multiple Choice

A schedule of accounts receivable is prepared from the

• A) list of customer accounts in the accounts receivable ledger.
• B) general journal.
• C) sales journal.
• D) general ledger.

---

Definitions:

Equity Method

An accounting technique used to record an investor's proportional share of the investee company's income, expenses, and dividends received.

Investment Balance

The total value of all securities, such as stocks, bonds, and other investments, an individual or entity owns.

Cash Dividends

Earnings paid out to shareholders by a corporation, typically as a profit distribution.

Equity Method

An accounting technique used to record investments in other companies, recognizing the investor’s share of investee profits and losses.