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Choco uses % of net credit sales method to estimate bad debt expense. At the end of this yearallowance for bad debt account, Choco has
Choco uses % of net credit sales method to estimate bad debt expense. At the end of this year"allowance for bad debt" account, Choco has the following balances at the end of the year: $14,460 "allowance for bad debt" account (Cr. balance) "accounts receivable" account "bad debt expense" account $25,000 $6,700 What is Choco's net realizable value of "accounts receivable" in balance sheet at the end of the year
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