term1 Definition1term2 Definition2term3 Definition3
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Prepaids: Unexpired portion at cost
The prepaid is recorded at cost when purchased, and the amount appearing on the balance sheet is the unexpired portion
Marketable securities: fair value
Fair value is what the securities could be sold for at the balance sheet date
Accounts receivable: net realisable value
Net realisable value is the total amount due from customers on account less the amount estimated to be uncollectible.
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