6. Note receivable discounted without recourse shall be a. excluded from the total receivables without disclosure of contingent liability b. excluded from total receivables with disclosure of contingent liability c. included in total receivables without disclosure of contingent liability d. included in total receivables with disclosure of contingent liability
6. Note receivable discounted without recourse shall be a. excluded from the total receivables without disclosure of contingent liability b. excluded from total receivables with disclosure of contingent liability c. included in total receivables without disclosure of contingent liability d. included in total receivables with disclosure of contingent liability
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 10MC: What accounts are used to record a contingent warranty liability that is probable and estimable but...
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6. Note receivable discounted without recourse shall be
a. excluded from the total receivables without disclosure of
b. excluded from total receivables with disclosure of contingent liability
c. included in total receivables without disclosure of contingent liability
d. included in total receivables with disclosure of contingent liability
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