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App Inc. has the following: balance in the accounts receivable account $500,000; Bad debt expense balance $25,000 and the allowance for Doubtful accounts balance
App Inc. has the following: balance in the accounts receivable account $500,000; Bad debt expense balance $25,000 and the allowance for Doubtful accounts balance $50,000. The cash realizable value of App's receivables is? Select one: a. $450,000 b. $475,000 c. $425,000 d. $550,000 Clear my choice
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