Which One of the Following Measurement Bases Applies to Receivables

question 6

Multiple Choice

Which one of the following measurement bases applies to receivables?

• A)Historical cost
• B)An approximation of net realizable value
• C)Selling price through factoring
• D)Discounted present value

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Definitions:

Fishes

Aquatic, gill-bearing animals that lack limbs with digits, often covered in scales, and residing in both freshwater and saltwater environments.

Flatworm

A group of simple invertebrates known for their flat bodies, including both free-living and parasitic species like tapeworms.

Planaria

A genus of flatworms, which are often used in scientific studies due to their remarkable regenerative abilities.