Updated on August 6, 2022
Accounts receivable are normally reported at the: Multiple Choice Present value of future cash receipts. Current value less expected collection costs. Expected amount to be collected Current value plus accrued interest
Answer
Answer
Option C
Expected Amount to be Collected
Account receivables presented on the balance Sheet At the value
that they Are Collectable .
presentation of Accounts receivable ( example )
Current Assets | |
Accounts Receivables | 30000 |
Less ; Allowance For Doubtful Account | 6085 |
Net Realizable Value | 23915 |