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Help please ABC Company uses the aging-of-receivables method to estimate uncollectible receivables. ABC Company has $60,000 in Accounts Receivable that is over 90 days past
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ABC Company uses the aging-of-receivables method to estimate uncollectible receivables. ABC Company has $60,000 in Accounts Receivable that is over 90 days past due and 85% is estimated uncollectible, $80,000 that is 30 - 90 days past due and 45% is estimated uncollectible, and $200,000 that is less than 30 days past due and 15% is estimated uncollectible. What is the estimated total uncollectible? A. $200,000 B. $223,000 C. $340,000 117 ANO Step by Step Solution
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