When reporting accounts receivable,the amount reported should be ________.

Question

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The amount reported as accounts receivable should be the amount that a company expects to collect from its customers in the future. This is determined by calculating the total outstanding balance owed by customers and making adjustments for estimated bad debts and any other factors that may affect the likelihood of collection. Option A is incorrect because it would only include the accounts receivable that were actually collected, not the entire outstanding balance. Option C is incorrect because it only includes the accounts receivable charged in the current period, not the entire balance owed by customers. Option D is incorrect because credit card expenses are not relevant to the balance of accounts receivable.

When Reporting Accounts Receivable,the Amount Reported Should Be ________