Concept:Subscriptions in arrears are income already earned but not yet received, so they are treated as a current asset.
Explanation:Subscriptions in arrears mean the organisation has provided the service but has not yet collected the membership fee.
This is accrued income because the amount is due from members.
Since the money is expected within the next operating year, it is classified as a current asset on the balance sheet.
Subscriptions in advance are payments received for services not yet provided.
Those represent a liability, not an asset.
Thus, only subscriptions in arrears qualify as a current asset.
Answer:B. in arrears.