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Which should not be considered current assets in statement

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Reference no: EM132702161

Problem 1: Which of the following should NOT be considered current assets in the statement of financial position?

Option1 : Franchises and copyrights.

Option2 : Equity or debt securities purchased with cash available for current operations.

Option3 : Prepaid taxes, which cover assessments for the current year.

Option4 : Instalment notes receivable due over eighteen months, in accordance with normal trade practice.

Reference no: EM132702161

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