-/3 Saucier Ltd. has accounts receivable, notes receivable due in three months notes receivable due...
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Accounting
-/3 Saucier Ltd. has accounts receivable, notes receivable due in three months notes receivable due in two years, an allowance for doubtful accounts, an allowance for doubtful notes, sales tax recoverable and income tax receivable. How should the receivables be reported on the statement of financial position? (List Current Assets in order of liquidity) Saucier Ltd. Statement of Financial Position Current Assets FAccounts Receivable Sxxx Add Shorts xxc Total Current Assets Sxxx Long tertinvestments Sxx Total Current Assets $XXX Long-Term Investments $XXX Less Non-Current Assets XXX XXX 5 XXX Sxxx e Textbook and Media
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