On a common-size balance sheet,notes receivable is shown as a percentage of
A)Total liabilities.
B)Current liabilities.
C)Total stockholders' equity.
D)Total assets.

Name: On a common-size balance sheet,notes receivable is shown as a percentage of A)Total liabilities. B)Current liabilities. C)Total stockholders' equity. D)Total assets.
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Question

Quizplus · Accepted Answer

Notes receivable is an asset and therefore should be shown as a percentage of total assets on a common-size balance sheet.

On a Common-Size Balance Sheet,notes Receivable Is Shown as a Percentage