Interest and notes receivable are reported on the balance sheet in the order of liquidity.

Name: Interest and notes receivable are reported on the balance sheet in the order of liquidity.
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Question

Quizplus · Accepted Answer

Interest and notes receivable are current assets that can be easily converted into cash, thus they are reported on the balance sheet in the order of liquidity, along with other current assets such as cash, accounts receivable, and inventory.

Interest and Notes Receivable Are Reported on the Balance Sheet