The Net Amount Expected to Be Received in Cash from Receivables

question 207

Multiple Choice

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

• A) cash realizable value.
• B) cash-good value.
• C) gross cash value.
• D) cash-equivalent value.

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Definitions:

Cash-generating Units

The smallest identifiable group of assets that generates cash inflows largely independent of the cash inflows from other assets or groups of assets.

AASB 6/IFRS 6

Standards guiding the exploration for and evaluation of mineral resources, providing criteria on the recognition and measurement of exploration and evaluation expenditures.

Non-regenerative Resources

Resources that cannot be replenished or renewed after their consumption, such as fossil fuels and minerals.