Answer
A : Net realizable value
Work Step by Step
Under GAAPs, the accounts and notes receivables should be reported on the balance sheet at their net realizable value.
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 8 - Reporting and Analyzing Receivables - Self-Test Questions - Page 425: 3
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