Why are accounts receivable considered assets even if the money has not yet been paid to the business?

Accounts receivable is a synonym for “asset.”

Businesses can count potential income as assets.

Any transaction is an asset once it is complete.

The payee has a legal obligation to submit the funds.

answer; i believe that the correct answer is client agreement;

hi : ) i found this so i hope this !

"we first find value of tax in dollars.

the difference between the two prices   is: 23. 54 - 22 = 1.54

therefore the sales tax in dollars is 1.54

the tax % will be   (amount of tax / original cost price ) × 100

(1.54 / 22) × 100  → (0.07) × 100 =   7

so the tax rate is 7%

we can double check the answer.

7 % of 22   → (7/100) × 22 → 0.07 × 22 = 1.54

22 + 1.54 = 23.54"

answernet income for 2017 will be greater if the inventory quantity declines;