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On 1/15/19, Company ABC shows the right to collect $50,000 from its customers. On 1/18/19, Company ABC learns that it will recover 90% of an
On 1/15/19, Company ABC shows the right to collect $50,000 from its customers. On 1/18/19, Company ABC learns that it will recover 90% of an account that it wrote off on 1/14/19. The customer was original invoiced for $1,000 on 8/15/18. After recording the recovery, what will Company ABC's net Accounts Receivable be?
Question options:
| net Accounts Receivable will be $50,000 |
| net Accounts Receivable will be $50,900 |
| net Accounts Receivable will be $60,000 |
| net Accounts Receivable will be $49,100 |
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