The practice of reporting the net realizable value of, Ask an Expert

Accounting

The practice of reporting the net realizable value of receivables in the financial statements is commonly called:

A) the cash flow method of accounting for uncollectible accounts.

B) the direct write-off method of accounting for uncollectible accounts.

C) the allowance method of accounting for uncollectible accounts.

D) Both A and B are correct.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9438389

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