Dividends and interest receivable would be classified as
A) loans receivable.
B) trade receivables.
C) notes receivable.
D) nontrade receivables.

Question

Quizplus · Accepted Answer

Dividends and interest receivable are both examples of nontrade receivables, which are amounts owed to a company that are not related to the company's primary business activities. Loans receivable, trade receivables, and notes receivable all refer to specific types of receivables that are related to the company's business activities.

Dividends and Interest Receivable Would Be Classified as