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Under what type of account on a balance sheet should cash surrender value be recorded?


Please advise, where should I record cash surrender value of life insurance on a balance sheet: under current or intangible assets?
Thank you everyone.

538 day(s) ago

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BruinCPA 		Cash surrender value can be almost immediate and can be redeemed with 1 year or less which means it is a current asset.

Posted 538 days ago

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kimkimcpa 		it is a current asset!!

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