Answer:
Cash and Receivables are reported as the last items in the current assets section of the statement of financial position.
Explanation:
In IFRS Cash and receivable are reported as the last items in the current assets section of the statement of financial position whereas under GAAP, these items would be reported in the order of their liquidity.
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Answer:
The correct answer is letter "D": balance sheet in the noncurrent assets section.
Explanation:
Notes receivable are promissory payment documents a company holds for goods or services that we already provided. Notes receivables represent assets for the company holding the notes. The part of the note receivable expected to be collected within one (1) year is recorded as a current asset on the Balance Sheet and the part that is supposed to be collected in more than one year is registered as noncurrent assets on the Balance Sheet.
Thus, <em>if a note receivable is due in 390 days it is registered as a noncurrent asset on the Balance Sheet.</em>
The purpose of training and development<span> is to increase an employee's ability to perform productively.
During training and development, the company could re-educate their employees so they can adapt to the situation that the companies face during it operation and increase its overall efficiency.</span>
I was taking the test and tried to look it up. It showed two answers so I guessed with the two answer I had and it was wrong so it’s got to be D