Classify the Following as Either Current Assets (CA), Investments (I)

question 23

Essay

Classify the following as either Current Assets (CA), Investments (I), or both (CA and I).
$\begin{array}{lr}\text { Trade Receivables}&(a)\\\text { Note Receivable due in 30 days}&(b)\\\text {Interest Receivable on note clue in 30 days }&(c)\\\text {Note Receivable due in 2 years }&(d)\\\text {Five-year Note Receivable due in a series of equal amulal payments }&(e)\\\end{array}$

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Definitions:

Unit

A single, complete, or individual item that can be counted for inventory, production, or sales purposes.

Unit Level Activities

Activities that are performed each time a unit is produced, directly associated with production volume.

Batch Level Activity

Actions or processes that relate to producing a batch of goods or services, often involving costs that change with the number of batches produced rather than individual units.

Medical Clinic

A healthcare facility that primarily focuses on the care of outpatients, offering various medical services and treatments.