Question

Short-term notes receivables A. are reported at their gross realizable value. B. use the same estimations and computations as accounts receivable to determine cash realizable value. C. have a related allowance account called Allowance for Doubtful Notes Receivable. D. present the same valuation problems as long-term notes receivables.

Answer 1

B. use the same estimations and computations as accounts receivable to determine cash realizable value

Step-by-step explanation: