46 Net receivables is the total account receivables less the

46. Net receivables is the total account receivables less the allowance for uncollectible accounts. A-rueTalse 47. Premium on bonds is _to get the book value of the bonds a. added to bonds payable b. subtracted from bonds payable c. neither added or subtracted d. added to interest payable

Solution

46 True, net accounts receivable is the total accounts receivable less allowance for uncollectible accounts. 47 Premium on bonds is added to bonds payable to get the book value of bonds