For financial reporting purposes, how should an assignor present equity on the assigned account? a. as a
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Question:
For financial reporting purposes, how should an assignor present equity on the assigned account?
a. as a current asset in its statement of financial position
b. none of the given choices is correct
c. as a non-current asset in its statement of financial position
d. as a contra-equity account
e. as addition under equity portion of the statement of financial position
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