Question
A company has the following balances on December 31, 2015, after year-end adjustments: Accounts Receivable = $75,000; Service Revenue = $430,000; Allowance for Uncollectible Accounts
| A company has the following balances on December 31, 2015, after year-end adjustments: Accounts Receivable = $75,000; Service Revenue = $430,000; Allowance for Uncollectible Accounts = $8,000; Cash = $21,000. |
| Calculate the net realizable value of accounts receivable. Net Realizable Value= ? |
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Auditing And Assurance Services
Authors: Timothy J Louwers, Robert J. Ramsay, David Sinason, Jerry R Strawser
1st Edition
0072954442, 9780072954449
