Notes Receivable due in 350 days appear on the
A) balance sheet in the current assets section
B) balance sheet in the fixed assets section
C) balance sheet in the current liabilities section
D) income statement as an expense

Question

Quizplus · Accepted Answer

Notes Receivable due in 350 days are considered short-term assets and therefore appear on the balance sheet in the current assets section.

Notes Receivable Due in 350 Days Appear on the