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FASB ASC 8-2 Offsetting Assets and Liabilities Accounts receivable is presented on the balance sheet at net realizable value. This amount is calculated by offsetting

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FASB ASC 8-2 Offsetting Assets and Liabilities Accounts receivable is presented on the balance sheet at net realizable value. This amount is calculated by offsetting the allowance for doubtful accounts against accounts receivable. Search the FASB ASC database to determine the rule for offsetting assets and liabilities. List the official pronouncements related to this issue

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