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trasher [3.6K]
2 years ago
6

Identify any errors in the following partial balance sheet. The interest receivable should be __________________________________

__. The allowance for doubtful accounts should be ____________________________________.
WORD BANK
- added to the notes receivable
- deducted from accounts receivable
- reported separately as a current asset
- shown on the income statement as revenue

Business
1 answer:
Usimov [2.4K]2 years ago
8 0
The interest receivable should be reported separately as a current asset. The allowance for doubtful accounts should be deducted from accounts receivable.
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