The Term "Receivables" Refers to

question 41

Multiple Choice

The term "receivables" refers to

• A) amounts due from individuals or companies.
• B) merchandise to be collected from individuals or companies.
• C) cash to be paid to creditors.
• D) cash to be paid to debtors.

---

Definitions:

Premium on Common Stock

The amount by which the sale price of a share of common stock exceeds its par value.

Organization Expense

Costs incurred in the creation and organization of a corporation, such as legal fees, that may be amortized over time.

Stock Warrant

A financial instrument that gives the holder the right, but not the obligation, to buy a company's stock at a specific price before a certain date.

Par Preferred Stock

Preferred shares of stock issued at a specified nominal value, known as the par value.