Classify the following as either Current Assets (CA), Investments (I), or both (CA and I):

a. Trade Receivables-

b. Note Receivable due in 30 days-

c. Interest Receivable on note due in 30 days-

d. Note Receivable due in 2 years-

e. Five-year Note Receivable due in a series of equal annual payments-

Current Assets section of a balance sheet using some or all of the following accounts:

Cash

Property, Plant, and Equipment

Accounts Receivable

Notes Receivable--90-day note

Merchandise Inventory

Allowance for Doubtful Accounts

Interest Receivable

Prepaid Advertising

Sales Returns and Allowances


Select Current Assets:



1.)

2.)

3.)

4.)

5.)

6.)

Answer rating: 100% (QA)

a Trade receivables CA b Note Receivable due in 30 days CA c Interest Rec... View the full answer