Entity G uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $23,000. Management estimates that 5% of 3 points Fntitu dovolnnod tho followins information about its inventories in applying the lower-of-cost-or-net-realizable-value (LCNRV) basis in valuing inventories: After Entity D applies the LCNRV rule, the value of the inventory reported on the balance sheet would be $297,000.$288,000$284,000$293,000 3 points All of the following are advantages of credit card sales from the perspective of a retailer except: The credit card issuer conducts the credit investigation of the customer. The retailer receives the cash more quickly from the issuer than it would if it provided credit The retailer pays the credit card issuer 24% of the invoice price as a service fee. The credit card issuer maintains customer accounts