What Is the Distinguishing Characteristic Between Accounts Receivable and Notes

question 165

Multiple Choice

What is the distinguishing characteristic between accounts receivable and notes receivable?

• A)Accounts receivable are usually current assets,while notes receivable are usually long-term assets.
• B)Accounts receivable require payment of interest if not paid within the usual credit terms.
• C)Notes receivable result from credit sale transactions for merchandising companies,while accounts receivable result from credit sale transactions for service companies.
• D)Notes receivable result from a written promise to pay within a specified amount of time.

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Definitions:

Semenarche

The beginning of development of semen in boys at puberty, marking the onset of reproductive capability.

Spermarche

The first occurrence of ejaculation in males, which is a significant event in male puberty.

Gonads

Gonads are the primary reproductive organs in males (testes) and females (ovaries) that produce sex cells (gametes) and sex hormones.

Testes

The male reproductive organs that produce sperm and testosterone, playing a key role in male fertility and secondary sexual characteristics.