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:
Independent Variable
In a study, the variable that is altered or controlled by the scientist to examine its impact on the dependent variable.
Experimenter Bias
A process where the scientists performing the research influence the results, consciously or unconsciously, in a way that introduces errors or specific outcomes.
Placebo Effect
The phenomenon in which a person experiences a physiological or psychological improvement after being treated with an inert or ineffective substance or intervention.
Sampling Bias
A bias that occurs when a sample is not representative of the population from which it was drawn, potentially leading to inaccurate conclusions.
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