Question
What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet? 1.As offsets to capital. 2.By means of
What is the preferable presentation of accounts receivable from officers, employees, or affiliated companies on a balance sheet?
1.As offsets to capital.
2.By means of footnotes only.
3.As assets but separately from other receivables.
4. As trade notes and accounts receivable if they otherwise qualify as current assets.
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Auditing and Assurance services an integrated approach
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
15th edition
978-0133125634, 9780133423815, 133125637, 133423816, 978-0133125689
