A Breakdown of Accounts Receivable According to the Length of Time

question 68

Multiple Choice

A breakdown of accounts receivable according to the length of time outstanding is known as a(n) :

• A)Amortization schedule
• B)Sources of cash flow statement
• C)Receivables inventory
• D)Aging schedule

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Definitions:

Enolate

An ion formed by the deprotonation of an alpha carbon of a carbonyl compound, involved in many important organic reactions.

Carbonyl

A functional group characterized by a carbon atom double-bonded to an oxygen atom (C=O).

Pka Values

A quantitative measure of the strength of an acid in solution, representing the acid dissociation constant logarithmically.

Equilibrium

A state in a chemical reaction where the rate of the forward reaction equals the rate of the reverse reaction, leading to constant concentrations of reactants and products.