The net amount expected to be received in cash from receivables is termed the
A) carrying amount.
B) fair value.
C) gross cash value.
D) cash-equivalent value.

Name: The net amount expected to be received in cash from receivables is termed the A) carrying amount. B) fair value. C) gross cash value. D) cash-equivalent value.
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Question

Quizplus · Accepted Answer

The net amount expected to be received in cash from receivables is termed the carrying amount, which is the accounts receivable balance minus any allowance for doubtful accounts.

The Net Amount Expected to Be Received in Cash from Receivables