The Net Realizable Value of Accounts Receivable Is Equal To

question 87

Multiple Choice

The net realizable value of accounts receivable is equal to:

• A) gross accounts receivable less allowance for uncollectible accounts.
• B) gross accounts receivable less bad debt expense.
• C) gross accounts receivable less returns and allowances.
• D) gross accounts receivable less sales discounts.

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Definitions:

Biomass

A quantitative estimate of the total mass, or amount, of living material in a particular ecosystem.

Gross Primary Productivity

The total rate at which photosynthetic organisms in an ecosystem convert carbon dioxide into organic carbon compounds.

Net Primary Productivity

The rate at which plants and other photosynthetic organisms produce organic compounds in an ecosystem minus the rate at which they use some of these compounds through respiration.

Plant Respiration

The process by which plants take in oxygen and release carbon dioxide, involved in energy production at the cellular level.