An accounts receivable results from the sale of:
A)Property, plant and equipment for cash
B)Goods and services to customers on account
C)Goods and services to customers for cash.
D)The firm's common stock.
E)None of the above

Account Receivable has nothing to do with Cash.
Pay attention to "on account"-key words.

Okay, I amnot telling you the exact answer, but you should know now.

The answer is B

Quote:

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Originally Posted by mshangle

the answer is B

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The answer might be "B." But, maybe it's not. How is providing an answer to a student helping them to learn the lesson that they are supposed to be learning? Wouldn't it be wiser to be guiding the student in the path to the correct answer rather than just giving it to them so that they might learn how to arrive at the correct answer?