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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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