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At year end, Accounts Receivable had a balance of $830,000 and it is estimated that 2% of accounts recelvable will e uncollectible. The Allowanoe
At year end, Accounts Receivable had a balance of $830,000 and it is estimated that 2% of accounts recelvable will e uncollectible. The Allowanoe for Bad Debts account has a credit balance of $5.000 and the company use the percent- of- receivables method to record bad debts expense. The net realizable value of the accounts receivable is OA $16,600 OB. $813,400 OC. $11,600 OD. $825,000
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
