A type of asset in which a customer owes the company money would be a:
A)dividend.
B)receivable.
C)payable.
D)sale.

Question

Quizplus · Accepted Answer

A receivable is an asset that represents the amount owed to a company by its customers. This is different from a payable, which is a liability that represents the amount a company owes to its suppliers or creditors. Dividends are a distribution of a company's profits to its shareholders, and a sale would refer to the process of selling goods or services to customers.

A Type of Asset in Which a Customer Owes the Company