Question:
Dividends Receivable is classified as _____.
a. Current Assets
b. Long-Term Investments
c. Land, Buildings and Equipment
d. Intangible Assets
e. Other Assets
f. Current Liabilities
g. Long Term Liabilities
h. Owners' Equity (Capital)
i. Stockholders' Equity
j. Revenue
k. Expenses
l. Other Revenue and Gains
m. Other Expenses and Losses
n. Below the Line Items
o. Footnote Disclosure Only
p. Retained Earnings Statement Only
Current Asset:
In accounting, the current asset is a portion of the statement of financial position that shows all company's assets that can be sold, exhausted, or consumed within one year or the normal operating cycle of the business.
Answer and Explanation:1
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The correct answer is option a. Current Assets.
Dividend Receivable is considered as a current asset. It is reported in the statement of financial...
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