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Ace Co. prepared an aging of its accounts receivable at December 31, 2014 anddetermined that the net realizable value of the receivables was $600,000. Additionalinformation
Ace Co. prepared an aging of its accounts receivable at December 31, 2014 anddetermined that the net realizable value of the receivables was $600,000. Additionalinformation is available as follows:Allowance for uncollectible accounts at 1/1/14credit balance$68,000Accounts written off as uncollectible during 201446,000Accounts receivable at 12/31/14650,000Uncollectible accounts recovered during 201410,000For the year ended December 31, 2014, Ace's uncollectible accounts expense would bea.$50,000.b.$46,000.c.$32,000.d.$18,000.7 - 30
$50,000. |
$46,000. |
$32,000. |
$18,000. |
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