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Accounts, Notes, Loans and Financing Receivable, Net, Noncurrent. The aggregate of amounts due from customers or clients more than one year from the balance sheet date, for goods or services that have been delivered or sold in the normal course of business and an amount representing an agreement for an unconditional promise by the maker to pay
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Accounts, Notes, Loans and Financing Receivable, Net, Noncurrent An amount representing an agreement for an unconditional promise by the maker to pay the Entity (holder) a definite sum of money at a future date more than one year from the balance sheet date, net of any write-downs taken for collection uncertainty on the part of the holder.
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Accounts, Notes, Loans and Financing Receivable, Net, Noncurrent Amount due from customers or clients, more than one year from the balance sheet date, for goods or services that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems …
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Accounts, Notes, Loans and Financing Receivable, Net, Current An amount representing an agreement for an unconditional promise by the maker to pay the Company (holder) a definite sum of money within one year from the balance sheet date (or the normal operating cycle, whichever is longer), net of any write-downs taken for collection uncertainty on the part of the holder.
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Presentation is categorized by current, noncurrent and unclassified receivables. Accounts, Notes, Loans and Financing Receivable : text: Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. Billing Status
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A note receivable is a written promise to receive a specific amount of cash from another party on one or more future dates. This is treated as an asset by the holder of the note. Overdue accounts receivable are sometimes converted into notes receivable, thereby giving the debtor more time to pay, while also sometimes including a personal
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Accounts receivable current and noncurrent, net: $ 44,175 $ 59,543 Trade receivables Accounts, Notes, Loans and Financing Receivable [Line Items] Accounts receivable, gross: 15,896 14,512 Reserve for uncollectible overdrawn accounts (259) (202) Accounts receivable current and noncurrent, net: 15,637 14,310 Overdrawn cardholder balances from purchase …
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8.3.1 Accounts and notes receivable and financing receivables. The term “accounts and notes receivable” is used in S-X 5-02 and is generally consistent with the “financing receivable” terminology used in US GAAP. Financing receivables are contractual rights to receive cash either on demand or on fixed or determinable dates, and are
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Accounts Receivable Loans. Accounts receivable loans are a source of short-term funding, where the borrower can use their accounts receivables as collateral to raise funds from a bank. The bank would typically lend a fraction – e.g., 80% – of the face value of the receivables. The fraction varies depending on the quality of receivables
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87 NOTES TO THE FINANCIAL STATEMENTS Note 4. Loans Receivable, Net and Loan Guarantee Liabilities Loans Receivable, Net as of September 30, 2021 (In billions of dollars) Loans Receivable, Gross Interest Receivable Foreclosed Property Subsidy Cost Allowance Loans Receivable, Net Subsidy Expense (Income) for the Fiscal Year
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Accounts and Financing Receivable, after Allowance for Credit Loss, Current and Noncurrent : text: Accounts, Notes, Loans and Financing Receivable, Unclassified : text: Accounts Receivable, Allowance for Credit Loss : text: A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period.
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Schedule of Accounts, Notes, Loans and Financing Receivable : text: Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.
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Accounting entries for the receipt of loan are as follows: Debit. Cash at Bank. Credit. Loan Payable. Loan payables need to be classified under current or non-current liabilities depending on the maturity of loan re-payment. For example, if a loan is to be repaid in 3 years’ time, the liability would be recognized under non-current liabilities.
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Debit Account. The $15,000 is debited under the header “Loans”. This means the amount is deducted from the bank’s cash to pay the loan amount out to you. Credit Account. The amount is listed here under this liability account, showing that the amount is to be paid back. You, as head of the bike company, should also record this.
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Example of Notes Receivable. Company A sells machinery to Company B for $300,000, with payment due within 30 days. After 45 days of nonpayment by Company B, both parties agree that Company B will issue a note payable for the principal amount of $300,000, at an interest rate of 10%, and with a payment of $100,000 plus interest due at the end of
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Examples of financing receivables include loans, trade receivables, notes receivable, and receivables relating to a lessors' leveraged, direct financing, and sales-type leases. However, the Board excluded receivables measured at fair value with changes included in earnings and receivables measured at lower of cost or fair value from the scope because the amended …
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In contrast, notes receivable can be current or non-current assets, depending on when the customer is expected to or actually pays their promissory note. Any portion of their debt a customer pays within one year is a current asset, but the portion that remains outstanding in a year is a non-current asset.
Loans, Notes, Trade and Other Receivables, Excluding Allowance for Credit Losses. text. The entire disclosure for claims held for amounts due a company, excluding disclosure for allowance for credit losses. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables.
Balance Sheet. Typically, net receivables relate to account receivables from customers in the course of business. In this case, net receivables is classified as a current asset. The gross receivables are listed first and are followed by the allowance for doubtful accounts. The allowance for doubtful accounts is a contra asset account,...
Includes, but is not limited to, notes and loan receivable. Amount, after allowance for credit loss, of accounts and financing receivables, classified as noncurrent. Includes, but is not limited to, notes and loan receivable.