Pledged Receivables Are Reported as Current Assets While Assigned Receivables

question 71

True/False

Pledged receivables are reported as current assets while assigned receivables are reported as non-current assets. The pledged and assigned receivables are used as collateral for a long-term obligation.

---

Definitions:

Stamp Act

A 1765 British law imposing a tax on all paper documents in the American colonies, leading to widespread protests and contributing to the American Revolutionary War.

Boston's Colonists

The early European settlers in the Boston area during the period of British colonial America, involved in the foundational events of the American Revolution.

Implementation

The process of putting a decision, plan, strategy, or law into effect in order to achieve the intended outcomes or objectives.

Rights and Grievances

Legitimate complaints and demands for rights recognition, often leading to advocacy and movements striving for justice and systemic change.