Accounts Receivable of Industrial Corporations Has Increased More Than Thirtyfold

question 109

True/False

Accounts receivable of industrial corporations has increased more than thirtyfold since 1962,indicating the willingness of firms to extend credit.

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Definitions:

Release of Information

The process of making information available to individuals or entities, often governed by laws or policies regarding privacy and security.

Insurance Adjustment

The process of examining and deciding the amount to be paid out on a claim by an insurance company.

Remittance Advice Form

A document sent by a customer to a supplier to inform the supplier that their invoice has been paid.

Insurance Payment

The amount paid to an insurer or healthcare provider to cover the cost of an insured individual's medical services or treatment.