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While visiting the American Heart Association website, a client plays the animation of the heart at work. Which of the following was used to play the animation?
Short-term Receivables
Amounts due to a company that are expected to be received within one year from the date of the balance sheet.
Fair Value
The cost one would incur to sell an asset or to assume a liability during a structured exchange with participants in the market at the time of assessment.
Net Realizable Value
The estimated selling price of goods minus the sum of the cost of completion and the costs necessary to make the sale.
Allowance for Uncollectibles
An accounting provision made for accounts receivable that may not be collected due to customer defaults or other reasons.
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