The Accounts Receivable Account Is Reported on the Balance Sheet

question 60

Multiple Choice

The Accounts Receivable account is reported on the balance sheet as a:

• A)contra asset
• B)current asset
• C)long-term asset
• D)current liability

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Definitions:

Mitosis

A process of cell division in eukaryotic cells that results in two genetically identical daughter cells from a single parent cell.

Plasma Membrane

The lipid bilayer that surrounds a cell, controlling the movement of substances in and out of the cell.

Storing Energy

The process of retaining energy produced in one form for future use, such as through chemical bonds, batteries, or other mediums.

Extracellular Fluid

Fluid outside of cells, in which bodily cells are immersed, providing a medium for the transport of substances between cells and blood vessels.