A note receivable due in 18 months is listed on the balance sheet under the caption
A) long-term liabilities
B) fixed assets
C) current assets
D) investments

Name: A note receivable due in 18 months is listed on the balance sheet under the caption A) long-term liabilities B) fixed assets C) current assets D) investments
Brand: Quizplus
Rating: 4.7 (36 reviews)

Question

Quizplus · Accepted Answer

A note receivable due in 18 months is considered a long-term asset, and it is typically classified under investments on the balance sheet.

A Note Receivable Due in 18 Months Is Listed on the Balance