UNREALIZED RECEIVABLES INCLUDE ACCOUNTS RECEIVABLE FOR WHICH

UNREALIZED RECEIVABLES INCLUDE ACCOUNTS RECEIVABLE FOR WHICH OF THE FOLLOWING PARTNERSHIPS?

MULTIPLE CHOICE

1. Accrual method partnerships.

2. Cash method partnerships.

3. Neither cash Nor accrual method partnerships.

4. Both cash and accrual method partnerships.

Solution

Unrealized receivables include accounts receivable for Cash method partnerships. Option 2 is correct