Table of contents

1. Introduction to Accounting1h 21m
2. Transaction Analysis1h 13m
3. Accrual Accounting Concepts2h 38m
4. Merchandising Operations2h 30m
5. Inventory1h 55m
6. Internal Controls and Reporting Cash1h 16m
7. Receivables and Investments3h 8m
8. Long Lived Assets5h 1m
9. Current Liabilities2h 19m
10. Time Value of Money1h 23m
- Time Value of Money Equations
  35m
- Using Time Value of Money Tables
  47m
11. Long Term Liabilities2h 45m
12. Stockholders' Equity2h 15m
13. Statement of Cash Flows2h 24m
14. Financial Statement Analysis5h 25m
15. GAAP vs IFRS56m

7. Receivables and Investments

Types of Receivables

Financial Accounting

7. Receivables and Investments

Types of Receivables

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Multiple Choice

Which of the following best describes the category to which 'one hour, 24-hour, 30-day, instant online, cash/check advance, and military' belong?

Types of payables

Types of receivables

Types of loans

Types of inventory

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Verified step by step guidance

Understand the context of the question: The problem is asking about a category that includes terms such as 'one hour, 24-hour, 30-day, instant online, cash/check advance, and military.' These terms describe different timeframes or methods for obtaining financial resources.

Analyze the options provided: The options are 'Types of payables,' 'Types of receivables,' 'Types of loans,' and 'Types of inventory.' Each of these categories has a specific meaning in financial accounting.

Clarify the definitions: 'Types of payables' refers to obligations a company owes to others, such as accounts payable. 'Types of receivables' refers to amounts owed to the company by others, such as accounts receivable. 'Types of loans' refers to borrowed funds that must be repaid, often with interest. 'Types of inventory' refers to goods held for sale or production.

Match the terms to the correct category: The terms in the question ('one hour, 24-hour, 30-day, instant online, cash/check advance, and military') describe different types of loans based on their repayment terms or methods of disbursement.

Conclude the reasoning: Based on the analysis, the correct category for these terms is 'Types of loans,' as they describe various loan options and repayment structures.