Final answer:
The value used to report Accounts Receivable on the Balance Sheet is the historical cost.
Step-by-step explanation:
The value used to report Accounts Receivable on the Balance Sheet is the historical cost. Accounts Receivable represents the amount of money that a company is owed by its customers for goods or services that have been provided on credit. It is an asset on the balance sheet because it represents the future cash inflows that the company expects to receive.
The historical cost of Accounts Receivable is the original amount that the company recorded when the sales were made. For example, if a company sold $1,000 worth of goods on credit, the Accounts Receivable balance would be $1,000 until the customer pays.
Other values may be used to report Accounts Receivable as well, such as the net realizable value. This value takes into account any allowances for bad debts or discounts that the company anticipates. However, the historical cost is the most common and straightforward value used to report Accounts Receivable on the Balance Sheet.