The amount of cash reported in a company's balance sheet includes the balance of accounts receivable if cash collection is highly likely in the near future.

Name: The amount of cash reported in a company's balance sheet includes the balance of accounts receivable if cash collection is highly likely in the near future.
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Question

Quizplus · Accepted Answer

Accounts receivable are reported separately from cash on the balance sheet, regardless of the likelihood of collection.

The Amount of Cash Reported in a Company's Balance Sheet