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Which of the following disclosures about accounts receivable are​ required? I. Accounts receivable serving as collateral II. The percentage used to calculate allowance for doubtful accounts III. Total
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Which of the following disclosures about accounts receivable are​ required? I. Accounts receivable serving as collateral II. The percentage used to calculate allowance for doubtful accounts III. Total allowance for doubtful accounts

User SupaHam
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Answer:

The correct answers are I and III.

Step-by-step explanation:

Accounts receivable is the balance of money due to a firm for goods or services delivered or used but not yet paid for by customers.

Accounts receivable is an important aspect of a businesses' fundamental analysis. Accounts receivable is a current asset so it measures a company's liquidity or ability to cover short-term obligations without additional cash flows.

User Bdetweiler
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