Question
An analysis and aging of ABC Corp accounts receivable at December 31,2017, disclosed the following: Amount estimated to be uncollectible P1,800,000 Accounts receivable 17,500,000 Allowance
- An analysis and aging of ABC Corp accounts receivable at December 31,2017, disclosed the following:
Amount estimated to be uncollectible P1,800,000\
Accounts receivable 17,500,000
Allowance for doubtful accounts (per books) 1,250,000
What is the net realizable value of ABC's receivables at December 31,2017?
- Answer not given
- P15,700,000
- P17,500,000
- P16,250,000
- P14,450,000
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
