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Question Content Area Agility Aids Co. reports assigned accounts receivable of $190,000 that...

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Accounting

Question Content Area
Agility Aids Co. reports assigned accounts receivable of $190,000 that relate to an unpaid note payable of $75,000. Which of these represents correct balance sheet disclosure?
a.
Current assets:Accounts receivable assigned$190,000Current liabilities:Note payable$75,000
b.
Current assets:Net realizable receivable assigned$115,000Current liabilities:Note payable$75,000Less: Accounts receivable assigned(75,000)$ 0
c.
Current assets:Accounts receivable assigned$190,000Less: Note payable(75,000)Net realizable receivable assigned$115,000
d.
Current assets:Equity in accounts receivable assigned$115,000

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