Finning International Inc. had the following balances in its short-term receivable accounts at December 31, 2015 (in

Question:

Finning International Inc. had the following balances in its short-term receivable accounts at December 31, 2015 (in millions): Allowance for Doubtful Accounts $23; Other Receivables $112; Supplier Claims Receivable $76; Value Added Tax Receivable $11; Income Tax Recoverable $1; and Trade (gross) $748.
Instructions
Show the presentation of Finning's receivables in the current assets section of its statement of financial position at December 31.
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...