Which of the Following Statements Is Correct Regarding Receivables

question 72

Multiple Choice

Which of the following statements is correct regarding receivables?

• A) Receivables are written promises of the purchaser to pay for goods or services.
• B) Receivables are claims held against customers and others for money, goods, or services.
• C) Receivables are non-financial assets.
• D) Receivables that are expected to be collected within a year are classified as noncurrent.

---

Definitions:

Minnesota Multiphasic

Refers to the Minnesota Multiphasic Personality Inventory (MMPI), a standardized psychometric test of adult personality and psychopathology.

Personality Assessment Inventory

A standardized psychological test designed to evaluate personality and psychopathology of individuals.

Clinical Scales

Tools used in psychological and medical assessments to measure the severity or presence of various symptoms or conditions.

Validity Scales

Scales included in psychological tests to determine the truthfulness of the responses or to identify potential response biases.