In what section of the balance sheet should a note receivable be listed if its term is

Question:

In what section of the should a note receivable be listed if its term is
(a) 120 days,
(b) six years?

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...