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Question
the green tree nursing facility possesses another note receivable in the amount of $9,000. this note will be paid in three installments: $3,000 in six months, $3,000 in eighteen months, and the remaining $3,000 in twenty-four months. the accountant will record this note receivable as follows:
a. current, or short-term asset of $9,000
b. long term asset of $9,000
c. current asset of $3,000 and long term asset of $6,000
d. current asset of $6,000 and long term asset of $3,000
e. none of the above
Answer
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