ORION 8.2: Explain how accounts receivable are recognized

23 December 2022
4.4 (160 reviews)
17 test answers
question
Along with disposing, two other accounting issues associated with accounts receivable are valuing and
answer
recognizing
question
The net amount expected to be received in cash from receivables is termed the cash ________ value.
answer
realizable
question
Depreciating accounts receivable an accounting problem (issue) associated with accounts receivable.
answer
is not
question
Recognizing, valuing, and ________ are the three accounting issues associated with accounts receivable.
answer
accelerating collections
question
A credit card holder will receive lower interest charges when
answer
the card company allows a grace period before interest is accrued
question
Cash realizable (net) value is listed under __________ on the balance sheet.
answer
accounts receivable
question
What are two accounting problems with accounts receivable?
answer
recognizing and valuing
question
The net amount expected to be received in cash from receivables is termed the cash potential value.
answer
false
question
What are three accounting issues associated with accounts receivable?
answer
recognizing, valuing, and accelerating collections
question
________ are the accounting issues associated with accounts receivable along with accelerating collections.
answer
Recognizing and valuing
question
the net amount expected to be received in cash from receivables is termed the cash realizable
answer
value
question
The net amount expected to be received in cash from receivables is termed the ________ realizable value.
answer
cash
question
Depreciating accounts receivable is NOT an accounting issue with accounts receivable.
answer
true
question
A credit card company will receive less money in interest when it
answer
allows a grace period before interest is accrued
question
Accounts receivable are ________ on the balance sheet at cash realizable value.
answer
valued and reported
question
A credit card holder will receive ______ interest charges when the card company allows a grace period before interest is accrued.
answer
lower
question
How are accounts receivable valued and reported on the balance sheet?
answer
at cash realizable value
1 of 17

Unlock all answers in this set

Unlock answers (13)
question
Along with disposing, two other accounting issues associated with accounts receivable are valuing and
answer
recognizing
question
The net amount expected to be received in cash from receivables is termed the cash ________ value.
answer
realizable
question
Depreciating accounts receivable an accounting problem (issue) associated with accounts receivable.
answer
is not
question
Recognizing, valuing, and ________ are the three accounting issues associated with accounts receivable.
answer
accelerating collections
question
A credit card holder will receive lower interest charges when
answer
the card company allows a grace period before interest is accrued
question
Cash realizable (net) value is listed under __________ on the balance sheet.
answer
accounts receivable
question
What are two accounting problems with accounts receivable?
answer
recognizing and valuing
question
The net amount expected to be received in cash from receivables is termed the cash potential value.
answer
false
question
What are three accounting issues associated with accounts receivable?
answer
recognizing, valuing, and accelerating collections
question
________ are the accounting issues associated with accounts receivable along with accelerating collections.
answer
Recognizing and valuing
question
the net amount expected to be received in cash from receivables is termed the cash realizable
answer
value
question
The net amount expected to be received in cash from receivables is termed the ________ realizable value.
answer
cash
question
Depreciating accounts receivable is NOT an accounting issue with accounts receivable.
answer
true
question
A credit card company will receive less money in interest when it
answer
allows a grace period before interest is accrued
question
Accounts receivable are ________ on the balance sheet at cash realizable value.
answer
valued and reported
question
A credit card holder will receive ______ interest charges when the card company allows a grace period before interest is accrued.
answer
lower
question
How are accounts receivable valued and reported on the balance sheet?
answer
at cash realizable value