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M Company has the following information available before recording the adjustment at the end of the year: Accounts Receivable $800,000 Allowance for doubtful accounts per

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M Company has the following information available before recording the adjustment at the end of the year: Accounts Receivable $800,000 Allowance for doubtful accounts per books before adjustment $50,000 credit Bad Debt Expense calculated using percentage of receivables method $15,000 The cash (net) realizable value of the accounts receivable at the end of the year after adjustment is Select one: a. $685,000 b. $800,000 c. None of the above d. $735,000 $750,000

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