Question: Current Attempt in Progress Nontrade receivables should be reported separately from trade receivables. Why is this statement either true or false? It is true because

Current Attempt in Progress
Nontrade receivables should be reported separately from trade receivables. Why is this statement either true or false?
It is true because trade receivables are current assets and nontrade receivables are long-term.
It is true because nontrade receivables do not result from business operations and should not be included with accounts receivable.
It is false because all current receivables must be grouped together in one account.
It is false because management can decide how to report receivables.
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Current Attempt in Progress Nontrade receivables

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