Accounts Receivable Is A(n)________ Account and Has a Normal ________

question 154

Multiple Choice

Accounts Receivable is a(n) ________ account and has a normal ________ balance.

• A) liability; debit
• B) asset; debit
• C) liability; credit
• D) asset; credit

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Definitions:

Unique Risk

The risk specific to an individual investment or small group of investments, often reducible through diversification.

Time Horizon

The duration for which an investment is anticipated to be maintained prior to its sale.

Investment Period

This term refers to the span of time during which an investor holds onto a specific security or portfolio of investments with the goal of achieving their investment objectives.

Compounds

In the context of finance, compounds refer to the process where interest, dividends, or investment earnings are reinvested to generate additional earnings over time.