Current Asset Introduction Valuation of Receivables Receivables are reported at their net realizable value -total amount of receivables less an allowance for uncollectible accounts Management estimates the allowance for uncollectibles based on experience, customer fortunes, economy and industry expectations, and collection policiesReceivables are reported at their net realizable value —total amount of receivables less an allowance for uncollectible accounts Management estimates the allowance for uncollectibles based on experience, customer fortunes, economy and industry expectations, and collection policies Current Asset Introduction Valuation of Receivables