Accounts receivable are valued and reported on the balance sheet
A)in the investments section.
B)at gross amounts less sales returns and allowances.
C)at cash realizable value.
D)only if they are not past due.

Question

Quizplus · Accepted Answer

Accounts receivable are reported at their cash realizable value, which is the amount expected to be collected, taking into account any allowances for doubtful accounts.

Accounts Receivable Are Valued and Reported on the Balance Sheet