Ask Question
BusinessBusiness
6 October, 07:58

Accounts receivable are normally reported at the: A) Present value of future cash receipts. B) Current value plus accrued interest. C) Amount expected to be collected. D) Current value less

+4
Answers (1)
  1. 6 October, 08:12
    0
    C) Amount expected to be collected.

    Explanation:Account receivable are normally recorded in the asset segment of the balance sheet, as it represents the total amount of money which a business Organisation is expecting from its customers especially after it has given some products or rendered some services to them on credit. In mist instances, the customers are given specific short time frames to effect the payments lasting between a few days to months.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Accounts receivable are normally reported at the: A) Present value of future cash receipts. B) Current value plus accrued interest. C) ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
What kind of information should entrepreneurs gather before investing in a new business?
Answers (1)
Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $600. The mining company melts down the gold, purifies it, and sells it to a jewelry maker for $1,000.
Answers (1)
The management of Wyoming Corporation is considering the purchase of a new machine costing $375,000. The company's desired rate of return is 6%. The present value factor for an annuity of $1 at interest of 6% for 5 years is 4.212.
Answers (1)
True or false? the major advantage of a mass market strategy is recognizing people's differences in shopping patterns.
Answers (1)
Stahl Consulting started the year with total assets of $20,000 and total liabilities of $5,000. During the year, the business recorded $16,000 in catering revenues and $10,000 in expenses. Stahl issued stock of $3,000 during the year.
Answers (1)
New Questions in Business
Which of the following is true? Multiple Choice The Product "P" in the marketing mix stands only for physical goods. The Product "P" in the marketing mix stands for both physical goods and services.
Answers (1)
The same person opens incoming mail and posts the accounts receivable subsidiary ledger.
Answers (1)
George failed to pay $5,000 of income tax due with the filing of his return, which was timely filed on April 15th. He waits until June 10th after April 15th to pay the tax. How much will his penalties be?
Answers (1)
On November 1, 2019, Juno, Inc. declared a dividend of $3.00 per share on common stock. Juno, Inc. has 10,000 shares of common stock outstanding and 20,000 shares of preferred stock.
Answers (1)
Fallon Corporation reports net income of $370,000. Accounts Receivable balances at the beginning and end of the year were $40,000 and $48,000, respectively. Beginning and ending Inventory balances were $60,000 and $54,000, respectively.
Answers (1)
Home » Business » Accounts receivable are normally reported at the: A) Present value of future cash receipts. B) Current value plus accrued interest. C) Amount expected to be collected. D) Current value less
Sign Up Forgot Password?