When preparing the current asset section of the balance sheet under {3MP you notice that two of the four bank accounts owned by the company have negative balances. Where would you look to determine how these balance should be reported? 1"\" American Banking Association rules and pronouncements If" FASB Codication System It" IFRS pronouncements since negative balances are actually liabilities 1"\" None of the above; the balances would be netted together on one line of the Balance Sheet