Net Accounts Receivable Is

question 119

Multiple Choice

Net accounts receivable is:

• A)gross accounts receivable minus cost of goods sold.
• B)also known as net pre-tax income.
• C)gross accounts receivable minus allowance for doubtful accounts.
• D)also known as net after-tax income.

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Definitions:

Ice Cap

A mass of ice that covers less than 50,000 square kilometers but blankets land completely, often found in polar and subpolar regions.

Broadleaf Trees

Trees characterized by wide, flat leaves as opposed to needle-like leaves, common in deciduous forests.

Dormant

A state of physical or biological inactivity or rest, during which growth, development, and physical activity are temporarily stopped.

Chaparrals

A biome characterized by dense, evergreen shrubs and is found in regions with a Mediterranean climate, including parts of California and the Mediterranean basin.