Question 1:

The receivable that is usually evidenced by a formal, written instrument of credit is a(n)

Question 1 options:

Trade receivable

Note receivable

Accounts receivable

Income tax receivable

Question 2:

The term "receivables" includes all

Question 2 options:

Money claims against other entities

Merchandise to be collected from individuals or companies

Cash to be paid to creditors

Cash to be paid to debtors

Question 3:

Indications that an account may be uncollected include all of the following except

Question 3 options:

The customer closes its business

The customer is making small but regular payments

The customer files for bankruptcy

The customer cannot be located

Answer rating: 100% (QA)

1 Trade receivable IS not a formal written instrument of credit Accounts receivable is not a formal written instrument of credit Income tax receivable is not a formal written instrument of credit Expl... View the full answer