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:

Missile Defense

Military strategies, technologies, and systems designed to detect, track, intercept, and destroy incoming missiles.

Arms-Reduction Negotiations

Diplomatic talks between nations aimed at reducing the number of weapons, especially nuclear arms, to ensure greater global stability and safety.

Glasnost

A policy introduced by Soviet leader Mikhail Gorbachev in the 1980s promoting openness and transparency in government institutions and activities.

Open Government

A governing doctrine which holds that citizens have the right to access the documents and proceedings of the government to allow for effective public oversight.