A Compensating Balance Is Always Reported as a Non-Current Asset

question 42

True/False

A compensating balance is always reported as a non-current asset.

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Definitions:

Explicit Premise

A clearly stated proposition in an argument that is offered to support the truth of the conclusion.

Implicit Premise

An unstated assumption that is necessary for an argument to hold together or make sense, assumed to be true without being expressed outright.

Explicit Premise

A statement in an argument that is openly expressed and serves as a foundation for establishing the conclusion.

Implicit Premise

An underlying assumption in an argument that is not explicitly stated but is necessary for the argument to hold true.