Short-term notes receivable are reported at

Name: Short-term notes receivable are reported at
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Short-term notes receivable are reported at cash (net) realizable value which is the amount expected to be collected from the debtor after deducting any allowance for doubtful accounts or discounts. Face value, maturity value, and gross realizable value do not take into account these deductions and therefore are not appropriate values to report short-term notes receivable.

Short-Term Notes Receivable Are Reported at