The Accounts Receivable Balance Can Be Misleading Because

question 110

Multiple Choice

The accounts receivable balance can be misleading because:

• A)it may contain substantial amounts which will never be collected.
• B)the figures represent money that is incoming as opposed to tangible assets.
• C)costumers often delay payment which blows up the balance.
• D)it is not adjusted for the bad debt reserve.

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Definitions:

Hostile Environment

A workplace situation where harassment or discriminatory practices make it difficult for an employee to work.

Economic Prejudice

Biased or unfair treatment of individuals or groups based on economic status or condition, leading to inequality and social division.

Cognitive Categorization

The process by which the brain organizes and interprets information by grouping similar objects, events, or people into categories.

Sexual Harassment

Unwanted or inappropriate sexual remarks or physical advances in a workplace or other professional or social situation.