An Accounting Issue for Accounts Receivable Is Measurement of the Amount

question 69

Multiple Choice

An accounting issue for accounts receivable is measurement of the amount on the balance sheet. With regard to measurement, both U.S.GAAP and IFRS require that sellers report accounts receivable _____.

• A)the amount that all customers have agreed to pay
• B)at the present value of future cash flows
• C)net of the estimated uncollectible amount
• D)at the future value of present cash flows
• E)plus the estimated uncollectible amount

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Definitions:

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A form of conditioning where the subject learns to perform a behavior that terminates an aversive stimulus.

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A noise that is irritating or unpleasant to listen to.

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A safety device fitted in vehicles, designed to secure the occupant against harmful movement that may result from sudden stops or impacts.

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Is a controlled environment used to observe and study the behavior of animals, especially in experiments involving operant conditioning.