A Receivable Occurs When a Business ________

question 205

Multiple Choice

A receivable occurs when a business ________.

• A) loans money to another party
• B) sells goods or services to another party on account
• C) has a monetary claim against a business or individual
• D) All of the statements are correct.

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Definitions:

Methylamine

An organic compound with a formula of CH3NH2, representing the simplest form of an amine.

C-N Bond

A covalent bond between a carbon atom and a nitrogen atom, fundamental in organic chemistry and biology due to its presence in amino acids, proteins, and many organic compounds.

Charge

An inherent property of particles that causes them to experience a force in the presence of an electromagnetic field.

Lewis Structure

A graphical representation illustrating the connections between atoms within a molecule, including any existing unpaired electrons.