Accounts Receivable Are Capital Assets

question 30

True/False

Accounts receivable are capital assets.

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Definitions:

Limit Communications

The practice of restricting the flow of information within an organization or between individuals, often for the purpose of security or efficiency.

Defined-Contribution Plan

Retirement plan in which the employer sets up an individual account for each employee and specifies the size of the investment into that account.

Retirement Income

The financial income one receives after retiring from active employment, which can come from pensions, savings, investments, and government programs.

Social Security Benefits

Government-financed programs providing retirement, disability, survivorship, and death benefits to eligible individuals.