A note receivable due in 90 days is listed on the balance sheet under:
A)long-term liabilities.
B)fixed assets.
C)current liabilities.
D)current assets.

Name: A note receivable due in 90 days is listed on the balance sheet under: A)long-term liabilities. B)fixed assets. C)current liabilities. D)current assets.
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Question

Quizplus · Accepted Answer

A note receivable due in 90 days is a short-term asset that will be converted into cash within one year, and thus should be listed under current assets on the balance sheet.

A Note Receivable Due in 90 Days Is Listed on the Balance