Question
Which statement is not true? Cash and cash equivalents are the first items reported under current assets. Current assets are normally reported in order of
Which statement is not true?
Cash and cash equivalents are the first items reported under current assets.
Current assets are normally reported in order of their liquidity.
All receivables that are expected to be realized in cash beyond 265 days are reported in the non-current assets section.
Disclosures related to receivables are reported on the financial statement notes.
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Financial Accounting
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
5th edition
1259914895, 978-1259914898
