Receivables are valued based on their . a. fair value
b. estimated amount collectible
c. lower-of-cost-or-market value
d. historical cost

b. estimated amount collectible

Explanation:

In Financial accounting, Receivables are also known as Account Receivable. Receivables are considered to be a current asset because it is the payment a business firm would receive from its customers for goods purchased or services taken on credit. Also, accounts receivable are recorded in the current assets section of the balance sheet because they add value to a business firm.

Generally, current assets are considered to be liquid because they are listed on the balance sheet in the order (descending) in which they are expected to turn or be converted to cash within a relatively short term period.

Hence, receivables are valued based on their estimated amount collectible from customers for the goods and services taken.

answer; i believe that the correct answer is (d); the business benefits because owners can share responsibilities;

borrow money from the government then pay the government back 5k