Question

A note receivable due in 18 months is listed on the balance sheet under the caption A. long-term liabilitiesB. fixed assetsC. current assetsD. investments

Answer 1

Answer:

Investments

Explanation:

If the note receivable is expected to be received in 12 then it is listed as a Current Asset else as Investments.

For further detail in how you can recognize Financial instrument ,please refer to the accounting rules for this type of accounts  in https://www.iasplus.com/en/standards/ias/ias39