Under GAAP, receivables are reported on the balance sheet at

Name: Under GAAP, receivables are reported on the balance sheet at
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

Under GAAP, receivables are reported on the balance sheet at amortized cost adjusted for estimated loss allowances. This means that the receivables are recorded at their original cost, but also take into consideration any anticipated losses due to uncollectible accounts. This ensures that the receivables are reported at their realistic value on the balance sheet.

Under GAAP, Receivables Are Reported on the Balance Sheet at