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Finland Inc has the following accounts receivabke aging in March 31 2.5 pts Question 37 Finland Inc has the following Accounts Receivable Aging on March
Finland Inc has the following accounts receivabke aging in March 31
2.5 pts Question 37 Finland Inc has the following Accounts Receivable Aging on March 31 Current 1-90 days 91-180 days 181-365 days 366+ days Aging Bucket Amount Outstanding 300,000 180,000 100,000 50,000 15,000 1% Reserve Rate 3% 10% 50% 100% March sales were $320,000 February ending balance in Allowance for Doubtful Accounts was $50,000 Credit Finland uses the Aging of Receivables Method at the rates noted in the table above. What should be the amount in Allowance for Doubtful Accounts at March 31? O 50,000 O 30,000 O 58,400 0 Step by Step Solution
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