Which Statement About Receivables Is Correct

question 66

Multiple Choice

Which statement about receivables is correct?

• A)Receivables are non-monetary items.
• B)Monetary items are measured at their present value.
• C)Trade receivables generally have payments terms extending beyond 3 months.
• D)Trade receivables should generally be recorded at their discounted present value.

---

Definitions:

Stanford

A prestigious university located in California, known for its cutting-edge research, especially in technology and medicine.

Galton

Refers to Sir Francis Galton, a 19th-century British polymath known for his contributions to fields such as statistics, psychology, and anthropology.

Academic Performance

The extent to which a student, teacher, or institution has achieved their short or long-term educational goals.

Learning Disabilities

Refers to a variety of disorders that affect the ability to learn specific academic skills, such as reading, writing, or mathematics.