The Net Amount Expected to Be Received in Cash from Receivables

question 85

Multiple Choice

The net amount expected to be received in cash from receivables is termed the

• A)carrying amount.
• B)fair value.
• C)gross cash value.
• D)cash-equivalent value.

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Definitions:

Piaget's Ideas

The theories of cognitive development proposed by Jean Piaget, emphasizing how children progress through distinct stages of development.

Transitivity

Principle that says if a relation holds between a first object and a second object, and holds between the second object and a third object, then it holds between the first object and the third object. Piaget argued that an understanding of transitivity is characteristic of concrete operational thought.

Logical

Pertaining to the use of reason and systematic thinking to analyze and form judgments.

Seriation

The concrete operation that involves ordering stimuli along a quantitative dimension (such as length).