As of February 1, 2009, Krispy Kreme Doughnuts had ($ 100,000) of Notes Receivable due before January

Question:

As of February 1, 2009, Krispy Kreme Doughnuts had $\$ 100,000$ of Notes Receivable due before January 31 , $2010, \$ 1,268,000$ of Accounts Receivable, and $\$ 249,000$ in its Allowance for Doubtful Accounts (all related to accounts receivable). How should these accounts be reported on a balance sheet prepared following GAAP? What if the balance sheet follows IFRS?

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