Which of the Following Receivables Would Not Be Classified as an "Other

question 107

Multiple Choice

Which of the following receivables would not be classified as an "other receivable"?

• A) advance to an employee
• B) interest receivable
• C) refundable income tax
• D) notes receivable

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Definitions:

Inelastic Demand

A market condition in which the demand for a product does not change significantly when its price increases or decreases.

Necessity

A requirement or an indispensable item essential for survival or the functioning of a system.

Price of the Product

The financial cost of acquiring a good or service.

Buyer's Income

Buyer's Income is the total earnings or revenue available to consumers that influences their ability to purchase goods and services.