Green LTD has a Note Receivable of $5,000. The note will be collected in installments. $1,000 is

Fantastic news! We've Found the answer you've been seeking!

Question:

Green LTD has a Note Receivable of $5,000. The note will be collected in installments. $1,000 is due one years and the remainder is due after a year.

What is the classification of the note on the balance sheet?

Related Book For answer-question

Advanced Accounting

ISBN: 978-0077431808

10th edition

Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik

See More Books

Posted Date: Apr 06, 2024 05:51 AM

See More Questions

1. You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the...
The table below lists the stations, servers, and workloads for a flexible manufacturing system that includes a part storage unit with a capacity of 12 parts. Determine the total production rate of...
Mountain Sports Ltd. is a small, Lethbridge-based social enterprise dedicated to the advancement of outdoor fitness activities for children and adults. This retail store operation is an Alberta...
O 4 percent C A TV show on tourism was found to be watched by 9,000 homes. Around 27,000 households that receive the station's broadcasts have TV sets. What is the program rating of the show? 000...
Consider a spin system consisting of a l3C, spin X, and two protons, A and B. The carbon has a one-bond coupling of 150 Hz to proton A, and a long-range coupling of 15 Hz to proton B. Protons A and B...
The spread between the bid and asked price widens. What does this mean about the securities?
One electrode in an alkaline battery is zinc, and the other is manganese dioxide. Fill in the blank for the chemical reaction $(a)$ at the zinc electrode: \(\mathrm{Zn}+2 \mathrm{OH}^{-}...
The following information is available for Washington Mills Corp. for 2012. Cash used to purchase treasury stock .............$ 48,100 Cash dividends paid .....................21,800 Cash paid for...
4 16. The mean and variance of a binomial distribution area and respectively. If P(X = 1) = then P(X = 4 or 5) is equal to: 243 (a) 1/159 64 (b) $ 16 (c) 81 925 145 (d) 27 243 17. Let E1, E2, E3 be...
Jan Chen Transport, Ltd., operates a fleet of delivery trucks in Brampton. The company has determined that if a truck is driven 210,000 kilometers during a year, the average operating cost is 22.8...
Which statement is the most accurate? a) Most Americans are underemployed. b) Employment discrimination causes underemployment of labor. c) It is impossible for an economy to operate outside its...
List some constraints on our labor force that prevent our fully using our plant and equipment 24 hours a day, seven days a week. (1) _____________; (2) _____________; (3) ______________________.
Human wants are relatively ________, while economic resources are relatively ____________.
If you went into a store with $25 and couldnt decide whether to buy a pair of jeans or a jacket, and you finally decided to buy the jeans, what would be the opportunity cost of this purchase?...
Which of the following best describes the role of an entrepreneur? a) the inventor of something with great commercial possibilities b) anyone who made a fortune by purchasing stock in a dot-com...
What is the present value of an ordinary annuity of $1,000 per year for 7 years discounted back to the present at 10 percent? What would be the present value if it were an annuity due?
Smiths Family Fashions implemented a balanced scorecard performance measurement system several years ago. Smiths is a locally owned clothing retailer with fashions for men, women, teens, and...
What is the primary business of Satyam Computer Services Ltd?
In January 2009, approximately how many employees did Satyam Computer Services employ?
How much money did the Rajus earn from sales of Satyam stock in the eight years preceding the fraud revelation?

Green LTD has a Note Receivable of $5,000. The note will be collected in installments. $1,000 is

Question:

Expert Answer:

Based on the information provided the classification of the note on the balance sheet wou... View the full answer

Advanced Accounting

Students also viewed these accounting questions