The following comparative financial statements for the years ended December 31, 2019 and 2018 are provided for Air Plus Company: 
Answer these questions concerning the company's receivables:
A)What is the gross amount of accounts receivable at December 31, 2019? Why is this amount different than the amount of receivables shown in the 2018 column of the balance sheet?
B)What is the net realizable value of accounts receivable at December 31, 2019? What does this amount represent?
C)How should accounts receivable be classified on a classified balance sheet? Why?
Definitions:
Return on Investment
A financial metric used to measure the profitability or efficiency of an investment, calculated by dividing net profit by the initial cost of the investment.
Minimum Required Return
This refers to the smallest expected or necessary rate of return on an investment to make it worthwhile.
Transfer Price
The amount levied on goods or services traded across sections or sister companies within the same organization.
Motor Division
A sector or unit within a company that specializes in the development, production, and marketing of motor vehicles or engine components.
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