Which of the Following Statements Is Not True

question 174

Multiple Choice

Which of the following statements is not true:

• A) Accounts receivable are increased by customer payments.
• B) Accounts receivable are held by a seller.
• C) Accounts receivable are classified as assets.
• D) Accounts receivable are increased by billings to customers.
• E) Accounts receivable arise from credit sales.

---

Definitions:

Selectively Attended

The cognitive process of focusing on a particular object in the environment for a certain period, while ignoring other perceivable information.

Long-term Memory

A type of memory storage that can hold information for extended periods of time, ranging from minutes to a lifetime, encompassing a wide range of knowledge, experiences, and skills.

Meaningful

Having significance, purpose, or value that is important to an individual or group.

Iconic Memory

A form of sensory memory that temporarily stores visual information, representing items or events with picture-like accuracy.