Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 10, 2024

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $686,539 and Allowance for Doubtful

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $686,539 and Allowance for Doubtful Accounts has a balance of $18,199. What is the net realizable value of the accounts receivable?

a.$686,539

b.$704,738

c.$18,199

d.$668,340

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Financial Times Essential Guide To Budgeting And Forecasting How To Deliver Accurate Numbers

Authors: Nigel Wyatt

1st Edition

0273768131, 9780273768135

More Books

Students also viewed these Accounting questions

Question

★★★★★

Price variances should be computed even if prices are regarded as being outside of company control. Do you agree? Explain.

Answered: 1 week ago

Question

★★★★★

Two metal spheres each 1.0 cm in radius are far apart. One sphere carries 38 nC, the other -10 nC. (a) Whats the potential on each? (b) If the spheres are connected by a thin wire, what will be the...

Answered: 1 week ago

Question

★★★★★

What applied experiences do you have? (For Applied Programs Only)

Answered: 1 week ago

Question

★★★★★

Nathan Detroit owns 400 shares of the food company General Mills, Inc., which he purchased during the recession in January 2009 for $35 per share. General Mills is regarded as a relatively safe...

Answered: 1 week ago

Question

★★★★★

multimedia, a multimedia publisher, decides to produce a DVD containing selected poems written by Andrew, Belinda, and Clarence. Andrew is still alive, Belinda died some 20 years ago and Clarence has...

Answered: 1 week ago

Question

★★★★★

Safari File Edit View History Bookmarks Window Help 5 2 Q 8 0 Sat Apr 16 1:32 PM . . . : " app.quantic.edu C 88 Data and Decisions EXIT Type an answer in each blank Chapter 1 . Lesson 1 of 1 The QA...

Answered: 1 week ago

Question

★★★★★

There is an amusement park where children of a certain age get a discount. At the ticket kiosk, the computer asks the age of the participant. If their age is younger than 15, the entrance price is...

Answered: 1 week ago

Question

★★★★★

E23.3 (LO2, 3) (Preparation of Operating Activities SectionIndirect Method, Periodic Inventory) The income statement of Rodriquez SA is shown below. Rodriquez SA INCOME STATEMENT FOR THE YEAR ENDED...

Answered: 1 week ago

Question

★★★★★

Currently, over half the human population uses the internet, thus creating the growing problem of what is called "digital pollution" which originates from both the Earth materials used to make the...

Answered: 1 week ago

Question

★★★★★

A company named Contoso, Ltd. is migrating its legacy PBX system to Microsoft Teams Phone. As a Microsoft Teams administrator you want a single provider for Teams Phone and the PSTN carrier. What...

Answered: 1 week ago

Question

★★★★★

1.) On May 22, 2010, Nicanor bought house and lot valued at Php 10,000,000 paying 20% down-payment with the balance payable in 10 years. On September 30, 2019, Nicanor died. The fair market value at...

Answered: 1 week ago

Question

★★★★★

Explain how you would reduce stress at work.

Answered: 1 week ago

Question

★★★★★

Explain how to reduce the occurrence of unsafe acts on the part of your employees.

Answered: 1 week ago

Question

★★★★★

Working individually or in groups, compile a list of the factors at work or in school that create dysfunctional stress for you. What methods do you use for dealing with the stress?

Answered: 1 week ago

Previous Question Next Question