A Receivable Occurs When a Business Sells Goods or Services

question 204

True/False

A receivable occurs when a business sells goods or services to another party on account.

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Definitions:

Dow Jones Industrial Average

A stock market index that measures the stock performance of 30 large, publicly-owned companies trading on stock exchanges in the United States.

Stocks Traded

Refers to the buying and selling of stock shares on financial markets.

NYSE

An abbreviation for New York Stock Exchange, one of the largest securities exchanges in the world.

Money Market Instrument

Short-term debt instruments, often with high liquidity and low risk, used by companies and governments to manage their finances efficiently.