Which of the following items affect the accounts receivable amount reported on the statement of financial position?

Question

Quizplus · Accepted Answer

Allowance for doubtful accounts directly affects the accounts receivable amount reported on the statement of financial position by reducing the gross accounts receivable to its net realizable value. Notes receivable, interest receivable, and advances to related parties and officers are separate line items and do not affect the accounts receivable balance.

Which of the Following Items Affect the Accounts Receivable Amount