Accounts receivable are classified as ________
A) current assets
B) current liabilities
C) noncurrent assets
D) noncurrent liabilities
A
Business
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When a company sells a customer's note to a bank, the discount rate is
A) the interest rate charged by the bank. B) the interest rate charged to the customer. C) an unstated implicit interest rate. D) the effective annual interest rate.
Business
If there is a time limitation or any other restriction in a contract, a third-party beneficiary:? A) may ignore it
B) may void it. C)is bound thereby.? D) must consent to be bound thereby before it is effective.
Business