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11. Multiple Choices. For financial reporting purposes, how should an assignor present equity on assigned account? a. as a current asset in its statement of
11.
Multiple Choices. For financial reporting purposes, how should an assignor present equity on assigned account?
a.
as a current asset in its statement of financial position
b.
none of the given choices is correct
c.
as a non-current asset in its statement of financial position
d.
as a contra-equity account
e.
as addition under equity portion of the statement of financial position
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