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    Intermediate Accounting Study Set 12
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    Exam 3: Shareholders Equity
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    Subscriptions Receivable Are Reported as
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Subscriptions Receivable Are Reported as

Question 42

Question 42

Multiple Choice

Subscriptions Receivable are reported as


A) a non-current asset.
B) a current asset.
C) a deduction from shareholders' equity.
D) either a current asset or a deduction from shareholders' equity.

Correct Answer:

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