Choose the correct option:

Question: The carrying amount of accounts receivable

Options:

a) reflects managements estimate of the receivables that will ultimately not be collected after expected credit losses.

b) reflects the sum of accounts receivable and the allowance for doubtful accounts.

c) is the amount at which the receivables are presented on the statement of financial position.

d) is the amount at which the receivables less the allowance for doubtful accounts are presented on the statement of financial position