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Accounts Receivable Quiz

Authored by Katelyn Southard

Business

12th Grade

Used 2+ times

Accounts Receivable Quiz
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15 questions

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1.

OPEN ENDED QUESTION

1 min • 1 pt

How is the net realizable value of accounts receivable calculated?

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2.

OPEN ENDED QUESTION

1 min • 1 pt

In 7-2, what is the net realizable value of receivables?

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3.

OPEN ENDED QUESTION

1 min • 1 pt

In 7-2, what is the net cash flow from operating activities?

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4.

OPEN ENDED QUESTION

1 min • 1 pt

In 7-4, what is the accounts receivable balance at the end of Year 2?

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5.

OPEN ENDED QUESTION

1 min • 1 pt

In 7-4, Year 1, what is the amount of uncollectible account expense?

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6.

OPEN ENDED QUESTION

1 min • 1 pt

In 7-11, what is the amount of interest receivable on December 31, Year 1?

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7.

OPEN ENDED QUESTION

1 min • 1 pt

In 7-11, how much cash is received from the note at maturity?

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