Instead of reporting the cash balance as an asset on the balance sheet, Highland Dollar...
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Instead of reporting the cash balance as an asset on the balance sheet, Highland Dollar Stores reported their cash balance as a liability on the balance sheet. What would cause them to do this? Select answer from the options below They have higher liabilities than stockholders equity. They have a net negative cash balance. They have more noncurrent assets than current assets. They have a higher accounts payable balance than their accounts receivable balance.
Instead of reporting the cash balance as an asset on the balance sheet, Highland Dollar Stores reported their cash balance as a liability on the balance sheet. What would cause them to do this?
Select answer from the options below
They have higher liabilities than stockholders equity.
They have a net negative cash balance.
They have more noncurrent assets than current assets.
They have a higher accounts payable balance than their accounts receivable balance.
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