Which of the following is not an example of a nontrade receivable?
A) amounts arising from sale of goods or services
B) dividends and interest receivable
C) claims against insurance companies for losses suffered
D) amounts owing from a purchaser on sale of capital

Question

Quizplus · Accepted Answer

Nontrade receivables include dividends and interest receivable, claims against insurance companies for losses suffered, and amounts owing from a purchaser on sale of capital assets. They do not typically include amounts arising from the sale of goods or services, as these are considered trade receivables.

Which of the Following Is Not an Example of a Nontrade