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

question 117

Multiple Choice

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

• A) Advance to an employee
• B) Refundable income tax
• C) Notes receivable
• D) Interest receivable

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Definitions:

Administrative Expense

Costs related to the general operation of a business, including executive salaries, legal and financial fees, and other overhead costs.

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales activities.

Contribution Margin

The amount by which sales revenue exceeds variable costs, indicating how much revenue contributes to fixed costs and profits.

Least-squares Regression

A statistical technique that identifies the optimal fitting line by reducing the sum of the squared vertical deviations of the data points from that line.