Question
Based on the aging of its accounts receivable at December 31, Dudikoff Company determined that the net realizable value of the receivables at that date
Based on the aging of its accounts receivable at December 31, Dudikoff Company determined that the net realizable value of the receivables at that date is $760,000. Additional information is as follows:
| Accounts receivable at December 31 | $880,000 |
| Allowance for bad debts at December 31 (unadjusted) | 28,000 (cr.) |
Dudikoff's Bad Debt Expense for the year ended December 31 is
| a. | $28,000 |
| b. | $80,000 |
| c. | $92,000 |
| d. | $148,000 |
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The Effect Of The Internal Auditing On Financial Performance
Authors: Shakir Al Ghalayini, Mohammed A. Keshta, Thabet M. Hassan
1st Edition
3656943052, 978-3656943051
