_____ Refers to Money That Is Owed to a Business

question 97

Multiple Choice

_____ refers to money that is owed to a business by its customers who purchased a product on credit.

• A) Pledging receivable
• B) Accounts receivable
• C) Factoring receivable
• D) Accounts payable

---

Definitions:

Accounting Effects

The impacts on a company's financial statements resulting from transactions, changes in accounting policies, or economic events.

Dividend Elimination

The process of removing intercompany dividends out of consolidated profit to avoid double counting when preparing consolidated financial statements.

Dividend Revenue

Income received from owning shares in a company, typically distributed from the company’s profits at regular intervals to its shareholders.