The Practice of Reporting the Net Realizable Value of Receivables

Multiple Choice

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 allowance method of accounting for uncollectible accounts.
C) the direct write-off method of accounting for uncollectible accounts.
D) the accrual method of accounting for uncollectible accounts.