Classifications of receivables Obj. 1 The Boeing Company (BA) is one of the world’s major aerospace firms with operations involving commercial aircraft, military aircraft, missiles, satellite systems, and information and battle management systems. As of a recent year, Boeing had $4,639 million of receivables involving U.S.

government contracts and $2,432 million of receivables involving commercial aircraft customers, such as Delta Air Lines (DAL) and United Airlines (UAL).

Should Boeing report these receivables separately in the financial statements or combine them into one overall accounts receivable amount? Explain.

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