The Securities and Exchange Commission Requires That Subscriptions Receivable Be

Multiple Choice

The Securities and Exchange Commission requires that Subscriptions Receivable be disclosed on the financial statements filed with it as a(n)

A) current asset as long as collection is to be made within one year or the normal operating cycle, whichever is longer
B) other asset if collection is to be made beyond one year from the date of the financial statements
C) contra-accounts receivable account
D) contra-stockholders' equity account