6. The The notes to the financial statements indicate the types of sales included in the receivables accounts along with the uncollectible amounts balance (Allowance for Doubtful Accounts). If gross receivables are $200,000 and the allowance for doubtful accounts is 25,000, the Balance Sheet will indicate a line item for Receivables, net = $175,000.

____The valuation method for receivables is called:

a. Net realizable value

b. Lower of cost or net realizable value (LCNRV)

c. Fair value

d. Historical cost

e. Net present value

ii. Which of the above methods is used for inventory? ________