Sheena Company Has Accounts Receivable of $13,000, with a Present

question 51

Multiple Choice

Sheena Company has accounts receivable of $13,000, with a present value of $10,000 on December 31, 2018. At what amount would the accounts receivable be measured on the December 31, 2018 balance sheet?

• A)$2,000
• B)$13,000
• C)$10,000
• D)($2,000)

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Definitions:

Total Amount

The total amount refers to the aggregate sum or whole number of financial transactions, costs, or values expressed in monetary terms.

Recording Equipment

Devices or systems used for capturing audio, visual, or digital data, often used in entertainment, surveillance, and record-keeping.

Cash Received

The amount of money a company collects from its various business activities, including sales, financing, and investments.

Settlement Date

The date on which a trade is finalized or settled, with the transfer of securities and money between the buyer and seller.