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

Question

Quizplus · Accepted Answer

A note receivable due in 18 months is classified as an investment on the balance sheet because it is not expected to be converted into cash within one year or the operating cycle, whichever is longer, making it a non-current asset.

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