Question 1 (2 points) A company sells $1,100 of duct tape on account. If the company is offering a 5% trade discount, what amount of accounts receivable should the company record on the sale? $1,100 $1,045 $0 $1,155 Previous Page Next Page Page 1 of 22 Question 12 (2 points) Which compounding would provide the lowest future value for a given single-sum deposit? Semiannual Quarterly Monthly All of the other answers would provide the same future value Previous Page Next Page Page 12 of 22 5: Previous Page Next Question 15 (2 points) When can a company record a notes receivable at "fair value?" Notes receivable can never be recorded at fair value Either when originally recognized or when a new basis of accounting is triggered When originally recognized only When a new basis of accounting is triggered only Previous Page Next Page Page 15 o Question 11 A debt investment is listed as "available-for-sale" in the long-term investments section. What valuation should be used for this debt investment? Either historicalamortized cost or fair value is acceptable Fair value Net realizable value Historical or amortized cost Previous Page Next Page Page 17 of 22