On a Balance Sheet, What Is the Preferable Presentation of Notes

question 21

Multiple Choice

On a balance sheet, what is the preferable presentation of notes or accounts receivable from officers, employees, or affiliated companies?

• A) As trade notes and accounts receivable if they otherwise qualify as current assets
• B) As assets but separately from other receivables
• C) As offsets to capital
• D) By means of notes or footnotes

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