Question

Access the FASB's Codification Research System at the FASB website (www.fasb.org). Determine the specific citation for each of the following items:
1. What is the balance sheet classification for a note payable due in six months, which was used to purchase a building?
2. Which assets may be excluded from current assets?
3. Should a note receivable from a related party be included in the balance sheet with notes receivable or accounts receivable from customers?
4. What items are non-recognized subsequent events that require a disclosure in the notes to the financial statements?



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  • CreatedJune 24, 2013
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