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Funny Company reported the following information at year end: Trade Accounts Receivable: 850,000 Estimated Sales Return at 12/31: 79,000 Allowance for Doubtful Accounts: 160,000 Refundable
Funny Company reported the following information at year end: Trade Accounts Receivable: 850,000 Estimated Sales Return at 12/31: 79,000 Allowance for Doubtful Accounts: 160,000 Refundable Deposits: 150,000 Claims Receivables: 500,000 Accounts Written Off During the Year: 45,000 Purchases on account: 79,000 Prepaid Insurance: 85,000 Credit balances in Accounts Receivable: 50,000 What is the total amount of net receivables in the current assets
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