Which statement about a businesss accounts receivable (AR) is true? a. The amount of AR is identified

Question:

Which statement about a business’s accounts receivable (AR) is true?

a. The amount of AR is identified on the balance sheet

b. The amount of AR is identified on the income statement

c. A large amount of AR means a business’s collection efforts are working well

d. A large amount of AR means a business’s’ collection efforts are not working well.

Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...