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On December 31, 2018, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,000. The company estimates that $2,000 of
On December 31, 2018, the end of Larry's Used Cars' first year of operations, the accounts receivable was $53,000. The company estimates that $2,000 of the year-end receivables will not be collected. Accounts receivable in the 2018 balance sheet will be valued at:
Multiple Choice
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$51,000.
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$2,000.
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$53,000.
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$55,000.
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