Answer:
A) To include accounts receivables, notes receivables and other receivables.
B) To be claims from individuals and companies that are expected to be collected in cash.
C) To be shown on the balance sheet valued at its cash net realizable value.
Explanation:
Recievables are payments that are yet to be collected from customers for goods and services purchased on credit.
They can be in the form of accounts receivables, notes receivables and other receivables.
On the balance sheet receivables are represented as claims from individuals and companies that are expected to be collected in cash.
When customers eventually repay what they owe the receivables reduces on the company's books.
Receivables that cannot be recovered are recorded in allowance for doubtful accounts
