If Firms Expect to Receive Cash More Than One Year

Multiple Choice

If firms expect to receive cash more than one year after the time of recognizing revenue, they measure revenues at the

A) future value of the amount of cash they expect to receive.
B) present value of the amount of cash they expect to receive.
C) fair value.
D) aggregate total of the amount of cash they expect to receive.
E) net realizable value.