Intermediate Accounting 14th Edition

Published by Wiley
ISBN 10: 0470587237
ISBN 13: 978-0-47058-723-2

Chapter 7 - Cash and Receivables - Questions - Page 4004: 2g

Answer

Accounts receivable (collection expected within a year); otherwise, other assets.

Work Step by Step

Post-dated cheques are drawn to mature at a certain future date and are classified as accounts receivable if maturity is within the next year or other assets if it exceeds one year.
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