Question
An analysis and aging of the accounts receivable of Cheyenne Corp. at December 31 reveal these data: Accounts receivable $3170000 Allowance for doubtful accounts per
An analysis and aging of the accounts receivable of Cheyenne Corp. at December 31 reveal these data:
| Accounts receivable | $3170000 |
| Allowance for doubtful accounts per books before adjustment (credit) | 270000 |
| Amounts expected to become uncollectible | 327000 |
What is the cash realizable value of the accounts receivable at December 31 after adjustment?
$2573000
$2900000
$3170000
$2843000
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Trucking Industry IRS Audit Techniques Guide
Authors: Internal Revenue Service
1st Edition
1304135640, 978-1304135643
