Llamas live wild in South America, mainly in Peru, Chile, Argentina, and Bolivia. However, they have been domesticated and there are farms all over the United States and Canad â¦ a that raise llamas.
Accounts receivable is a legally enforceable claim for payment held by a business for goods supplied and/or services rendered that customers/clients have ordered but not paid for. These are generally in the form of invoices raised by a business and delivered to the customer for payment within an agreed time frame.
The most common transaction for creating receivables is selling fixed assets on credit. buying fixed assets on credit. selling merchandise or services on credit. buying merchandise on credit. The receivable that is usually evidenced by a formal instrument of credit is a(n) intangible receivable. accounts receivable. note receivable. income tax receivable. The direct write-off method is required by GAAP. for federal income tax purposes.