What is the name given to what is owed to a firm from customers who ha
QUESTION
What is the name given to what is owed to a firm from customers who have purchased goods or services on credit?
A) accumulated depreciation
B) intangible asset allocation
C) merchandise inventory
D) accounts receivable
E) fixed asset reward
ANSWER
Answer: D
Explanation: D) Accounts receivable is that which is owed to a firm from customers who have purchased goods or services on credit.
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