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3 Cards in this Set
- Front
- Back
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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 |
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Marketable securities: fair value |
Fair value is what the securities could be sold for at the balance sheet date |
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Accounts receivable: net realisable value |
Net realisable value is the total amount due from customers on account less the amount estimated to be uncollectible. |
