What Type of Account Is Accounts Receivable

question 94

Multiple Choice

What type of account is Accounts Receivable?

• A)Asset
• B)Liability
• C)Expense
• D)Revenue

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Definitions:

Paid-In Capital

Funds raised by a company through the issuance of common or preferred stock, representing the capital contributed by shareholders in exchange for shares.

No-Par Stock

Refers to shares issued without a nominal or face value, where the price is determined by the market or the company's board.

Treasury Stock

Shares that were issued by a company and then repurchased, not considered when calculating dividends or earnings per share.

Par Value

A nominal or face value assigned to a security or stock, which may bear no relation to its market value.