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5. Jothing manufacturer, is preparing its statement of financial position at December 31, 2020. For each of the following amounts as at December 31,
5. Jothing manufacturer, is preparing its statement of financial position at December 31, 2020. For each of the following amounts as at December 31, 2020, indicate whether the amount is (a) current or non-current; and (b) a trade receivable, a nontrade receivable, or not a receivable. If the amount is not a receivable, indicate its correct statement of hnancial position classification. If the amount is a receivable, select Not Applicable (a) (b) Correct Statement of Financial Position Classification 1 Cheque received from a customer for $1,200, dated January 1, 2021 2 Bank overdraft balance of $51,500 3. Income taxes recoverable of $15,000 4. $10,000 owing from a customer (now 11 days overdue), exchanged for a two- year note bearing interest at 9% payable annually Oriole sold a piece of machinery to Ivanhoe Company this past year. As part of the sale transaction, $19,500 is owing from Ivanhoe, due to be received on January 31, 2022
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