Accounts receivable appear in the balance sheet:
A) As current assets, combined with cash and cash equivalents.
B) As current assets, immediately after cash and cash equivalents.
C) As either current assets or noncurrent assets, depending on whether the allowance method or the direct write-off method is used to account for uncollectible accounts.
D) Only if the balance sheet method of estimating uncollectible accounts is used.

Question

Quizplus · Accepted Answer

Accounts receivable are typically listed as current assets on the balance sheet, immediately following cash and cash equivalents, as they are expected to be converted into cash within one year.

Accounts Receivable Appear in the Balance Sheet