Which of the Following Statements Is TRUE

question 141

Multiple Choice

Which of the following statements is TRUE?

• A) Accounts receivable are more liquid than cash.
• B) Notes receivable are always due in 30 days.
• C) Notes receivable are longer in term than accounts receivable.
• D) Accounts receivable are liabilities.

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Definitions:

Independent

Not influenced by or dependent on something else; having the freedom to act, operate, or decide without being controlled by others.

Dependent

In statistical terms, a variable whose value is influenced or determined by another variable; in general, relying on someone or something else for support or existence.

Deductive Step

A logical step in which a conclusion follows necessarily from the given premises, ensuring that if the premises are true, the conclusion must also be true.

Illicit Major

In syllogistic logic, an error occurring when the major term is undistributed in the premise but distributed in the conclusion.