An Accounting Issue for Accounts Receivable Is Measurement of the Amount

Multiple Choice

An accounting issue for accounts receivable is measurement of the amount on the balance sheet. With regard to measurement, both U.S.GAAP and IFRS require that sellers report accounts receivable _____.

A) the amount that all customers have agreed to pay
B) at the present value of future cash flows
C) net of the estimated uncollectible amount
D) at the future value of present cash flows
E) plus the estimated uncollectible amount