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10. Mari Co. began operations on January 1, Year 1. During Year 1, it earned $600,000 of revenue on account. The company collected $550,000 of
10. Mari Co. began operations on January 1, Year 1. During Year 1, it earned $600,000 of revenue on account. The company collected $550,000 of accounts receivable. At the end of the year, Mari Co. estimates uncollectible accounts expense will be 1.5% percent of revenue. Based on this information alone, what is the net realizable value of accounts receivable as of December 31, Year 1?
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