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28 Sep 2019
Accounting Standards Codification (ASC)
Access the Accounting Standards Codification via the American Accounting Association website noted in your instructions. Determine the specific citation for each of the following items:
1. What is the balance sheet classification for a note payable due in six months that was used to purchase a building?
2. Which assets may be excluded from current assets?
3. Should a note receivable from a related party be included in the balance sheet with notes receivable or accounts receivable from customers?
4. What items are unrecognized subsequent events that require a disclosure in the notes to the financial statements?
Accounting Standards Codification (ASC)
Access the Accounting Standards Codification via the American Accounting Association website noted in your instructions. Determine the specific citation for each of the following items:
1. What is the balance sheet classification for a note payable due in six months that was used to purchase a building?
2. Which assets may be excluded from current assets?
3. Should a note receivable from a related party be included in the balance sheet with notes receivable or accounts receivable from customers?
4. What items are unrecognized subsequent events that require a disclosure in the notes to the financial statements?
Bunny GreenfelderLv2
28 Sep 2019