*Receivables from subsidiaries are classified as:

A. Current assets

B. Noncurrent assets

C. Either current assets or noncurrent assets depending on the expectation of realizing within one year or over one year.

D. Partly current and partly noncurrent

*A bank reconciliation is:

A. A formal financial statement that lists all of the bank account balances of an entity

B. A merger of two banks that previously were competitors

C. A statement sent by the bank to depositor on a monthly basis

D. A schedule that accounts for the differences between cash balance shown on the bank