In general, GAAP requires receivables to be recorded and reported at their present value, but excludes accounts receivables from this rule.

Name: In general, GAAP requires receivables to be recorded and reported at their present value, but excludes accounts receivables from this rule.
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Quizplus · Accepted Answer

Accounts receivable are typically recorded at their nominal value, not present value, due to their short-term nature and the immaterial impact of discounting.

In General, GAAP Requires Receivables to Be Recorded and Reported