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On December 31, 2021, Baldwin Company wrote off a $50,000 uncollectible account. Baldwin uses the allowance method for uncollectible accounts. Before the write off, Accounts
On December 31, 2021, Baldwin Company wrote off a $50,000 uncollectible account. Baldwin uses the allowance method for uncollectible accounts. Before the write off, Accounts Receivable was $500,000 and the Allowance for Doubtful Accounts was $300,000. What is the net realizable value of the accounts receivable on the December 31, 2021 after writing off the account? A. $200,000 B. 100,000 C. 250,000 D. 150,000
A. $200,000
B. 100,000
C. 250,000
D. 150,000
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Financial Management for Public Health and Not for Profit Organizations
Authors: Steven A. Finkler, Thad Calabrese
4th edition
978-0132805667
