Common share subscriptions receivable should always be reported as a current asset.

Name: Common share subscriptions receivable should always be reported as a current asset.
Brand: Quizplus
Rating: 4.9 (40 reviews)

Question

Quizplus · Accepted Answer

Common share subscriptions receivable are reported as an asset, but whether they are classified as current or non-current depends on when the company expects to receive the payment. If the payment is expected within one year, it would be classified as current; otherwise, it would be non-current.

Common Share Subscriptions Receivable Should Always Be Reported as a Current