Question: Which statement about receivables is correct? a) Trade receivables should generally be recorded at their discounted present value. b) Monetary items are measured at their

Which statement about receivables is correct? 

a) Trade receivables should generally be recorded at their discounted present value. 

b) Monetary items are measured at their present value. 

c) Trade receivables generally have payments terms extending 3 months. 

d) Receivables are non-monetary items

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