Why is accounts receivable reported at fair value under international financial reporting standards?

a. Bad debts are expensed so that the only amount left is the fair value of the receivables.

b. The standards are converged, which means that receivables are at fair value before any allowances.

c. Trade receivables are not shown on the financial statements.

d. The deduction for the allowance of doubtful accounts means that accounts receivable is presented at its estimated collectible amount.