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The value of account receivables in the balance sheet is typically given by the gross account receivables balance less the allowance for bad debts (that

The value of account receivables in the balance sheet is typically given by the gross account receivables balance less the allowance for bad debts (that is, in the balance sheet you see the value of the Net Account Receivables). 1-Does this method violates the historical cost basis accounting? Explain. 2-Can the Net Account Receivable balance be considered as the current value of the receivables? Explain.

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