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Advanced Technology reported the following on its balance sheet at December 31, 2012: Accounts receivable, less Allowance for Doubtful Accounts of $20,500 $580,200 A) What
Advanced Technology reported the following on its balance sheet at December 31, 2012:
Accounts receivable, less Allowance for Doubtful Accounts of $20,500 | $580,200 |
A) What is the net realizable value of the company's accounts receivable? $
B) What is the balance of the accounts receivable account? $
C) Are you able to determine whether the company uses the allowance method or the direct write off method for bad debts?
A. Yes, the company uses the allowance method
B. Yes, the company uses the direct write off method.
C. There is no way to tell which method is used.Item 3
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