Notes receivable due in 390 days appear on the
A) balance sheet in the current assets section
B) balance sheet in the noncurrent assets section
C) balance sheet in the current liabilities section
D) income statement as an expense

Question

Quizplus · Accepted Answer

Notes receivable due in 390 days are long-term assets and therefore should be listed on the balance sheet in the noncurrent assets section.

Notes Receivable Due in 390 Days Appear on the