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The net amount expected to be received in cash from receivables is termed the gross cash value. O net realizable value. cash-good value cash-equivalent value. Question 11 Allowance for Uncollectible Accounts on the balance sheet O is offset against current assets. O increases the cash realizable value of accounts receivable. is offset against accounts receivable. O appears under the heading "Other Assets." Question 12 Gross profit is the difference between net sales and all expenses. O net sales and the cost of goods sold. net sales and net income O the cost of merchandise purchase and the cost of merchandise sold