The Longer an Account Receivable Has Been Outstanding,the Less Likely

question 28

True/False

The longer an account receivable has been outstanding,the less likely it is to be collected.

---

Definitions:

Abdominal Aorta

The main blood vessel supplying blood to the abdomen, pelvis, and legs.

Diaphragm

A large, dome-shaped muscle located at the base of the lungs that plays a key role in breathing by contracting and expanding the thoracic cavity.

Backflow

The flow of a fluid in a direction opposite to its usual or intended direction, often causing contamination or malfunction in plumbing or in bodily systems.

Valves

Structures present in the heart and veins that maintain unidirectional flow of blood by opening and closing in response to pressure differences.