Which of the following statements regarding reporting receivables on the
balance sheet is true?
Interest revenue and gain on sale of notes receivable are shown under other
revenues and gains.
Which of the following statements is true?
31) Short-term receivables are reported in the current assets section of the balance sheet, __
32) The contingent liability from selling notes receivable___ disclosed.
33) Short-term investments appear ___ short-term receivables on the balance sheet because
these investments are nearer to cash.
Which of the following statements regarding the financial statement
presentation of receivables is true? Select all that apply.