Receivables Are

question 9

Multiple Choice

Receivables are

• A)one of the most liquid assets and thus are always considered current assets.
• B)claims that are expected to be collected in cash.
• C)shown on the income statement at cash realizable value.
• D)always the result of revenue recognition.

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Definitions:

Datums

Datums are reference points, lines, or surfaces on an object against which measurements are made, serving as a foundation for geometric tolerances in engineering drawings.

Datum Feature Symbol

A symbol used in geometric dimensioning and tolerancing to specify a reference for measurements.

MMC

Maximum Material Condition; a feature size where it contains the maximum amount of material within the stated limits of size.

Perpendicularity

The state or condition of being perpendicular, meaning two lines or planes intersect at a right angle (90 degrees) to each other.