Boeing is one of the worlds major aerospace firms

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Reference no: EM13614717

Boeing is one of the world's major aerospace firms, withoperations involving commercial aircraft, military aircraft,missiles, satellite systems, and information and battle managementsystems. As of December 31, 2005, Boeing had $2,620 million ofreceivables involving U.S. government contracts and $1,155 millionof receivables involving commercial aircraft customers, such asDelta Air Lines and United Airlines.

Should Boeing report these receivables separately in the financial statements, or combine them into one overall accountsreceivable amount? Explain.

Reference no: EM13614717

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