Answered: The alternative treatment in reporting…

The alternative treatment in reporting Subscription Receivable is addition to Current Assets deduction to Current Assets deduction to Current Liabilities addition to Current Liabilities

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 2Q: On which financial statement are current liabilities reported?

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Question

The alternative treatment in reporting Subscription Receivable is

addition to Current Assets
deduction to Current Assets
deduction to Current Liabilities
addition to Current Liabilities

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