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Prepare the presentation of Spring Co Ltd receivables

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Reference no: EM133103076

Questions -

Q1. What is the difference between an account receivable and a note receivable?

Q2. Spring & Co Ltd had the following balances in receivable accounts at 30 June 2018 (in millions): Allowance for doubtful debts $11; Accounts receivable $290; Other receivables $22; Notes receivable $95. Prepare the presentation of Spring & Co Ltd's receivables in the notes to the financial statements.

Reference no: EM133103076

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