Notes receivable are recognized in the accounts atGroup of answer choicescash (net) realizable valueface value.gross realizable valuematurity value

Notes receivable are recognized in the accounts at face value.

Here's the step-by-step reasoning:

1. Definition of Notes Receivable: Notes receivable are written promises for amounts to be received. They often include interest and are typically used for longer-term receivables.

2. Recognition in Accounts: When notes receivable are initially recorded in the accounting records, they are recognized at the amount stated on the face of the note. This is known as the face value.

3. Face Value: The face value is the principal amount of the note, which is the amount the issuer promises to pay at maturity, not including any interest.

4. Other Options:

   • Cash (net) realizable value: This would be the amount expected to be received in cash, which might include adjustments for bad debts or other deductions.
   • Gross realizable value: This term is not commonly used in accounting for notes receivable.
   • Maturity value: This includes both the face value and any interest that will be paid over the life of the note. However, notes receivable are initially recorded at face value, not maturity value.

Therefore, the correct answer is face value.