Which of the following is not a current asset? a. Merchandise inventory b. A note receivable due
Question:
Which of the following is not a current asset?
a. Merchandise inventory
b. A note receivable due in 11 months
c. Prepaid insurance covering the next eight months
d. A note receivable due in 13 months
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The correct answer is b A note receivable due in 11 months A note receivable due in 1...View the full answer
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Related Book For 
College Accounting A Contemporary Approach
ISBN: 9781260780352
5th Edition
Authors: David Haddock, John Price, Michael Farina
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