Matching Question 233 Match the following statements to the appropriate terms. A
ID: 2541212 • Letter: M
Question
Matching Question 233 Match the following statements to the appropriate terms. A written promise to pay a specified amount on demand or at a definite time. Sales that involve the customer, the retailer, and the credit card issuer The net amount a company expects to receive in cash. Amounts owed by customers from the sale of goods and services A note which is not paid in full at maturity. Analysis of customer account balances by length of time they have been unpaid. Emphasizes expected cash realizable value of accounts receivable. Generally not acceptable for financial reporting purposes The amount of time that a receivable is outstanding. Sale of accounts receivable to a factor Click if you would like to Show Work for this question: Open Show WorkExplanation / Answer
A written promise to pay a specified amount on demand or at a definite time Promissory Note Sales that involve the customer, the retailer and the credit card issuer Credit Card Sales The net amount a company expects to receive in cash Cash Net Realizable Value Amounts owed by customers from the sale of goods and services Accounts Receivables A note that is not paid in full at maturity Dishonored Note Analysis of customer account balances by length of time they have been unpaid Aging of accounts receivable Emphasizes expected cash realizable value of accounts receivable Percentage of Receivables Basis Generally not accepted for financial reporting purposes ??? The amount of time that a receivable is outstanding Average Collection Period Sales of accounts receivable to a factor ???