An analysis and aging of the accounts receivable of Prince Company at December 31 reveals the following

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An analysis and aging of the accounts receivable of Prince Company at December 31 reveals the following data.

Accounts receivable $800,000 Allowance for doubtful accounts per books before adjustment 50,000 Amounts expected to become uncollectible 65,000 The cash realizable value of the accounts receivable at December 31, after adjustment, is:

(a) $685,000.

(c) $800,000.

(b) $750,000.

(d) $735,000.

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Accounting Tools For Business Decision Making

ISBN: 9781119191674

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Feb 11, 2024 03:00 AM

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An analysis and aging of the accounts receivable of Prince Company at December 31 reveals the following

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Accounting Tools For Business Decision Making

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