Which of the Following Statements Is TRUE

question 143

Multiple Choice

Which of the following statements is TRUE?

• A)Bills receivable are always due in 30 days.
• B)Accounts receivable are more liquid than cash.
• C)Bills receivable are longer in term than accounts receivable.
• D)Accounts receivable are liabilities.

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Definitions:

Annual Salary

The total earnings of an individual from their job before taxes and other deductions, calculated on a yearly basis.

Merchandise

Goods that are bought and sold in business.

Biweekly

Every two weeks.

Algebraically

Pertaining to the use of symbols and the rules for manipulating those symbols in mathematics to solve equations or express formulas.