The Net Amount Expected to Be Received in Cash from Receivables

question 12

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:

Bananas

A type of elongated, edible fruit produced by various kinds of large herbaceous flowering plants in the genus Musa.

Principle Of Diminishing Marginal Utility

The proposition that each successive unit of a good or service consumed adds less to total utility than did the previous unit.

Marginal Utility

The augmented utility or satisfaction a consumer experiences when they consume one more unit of a product or service.

Turkey

A large domesticated bird commonly raised for meat or eggs; also refers to the country located at the intersection of Europe and Asia known for its cultural heritage and strategic location.