Question
Question 3 A2Z Events The following data are from the companys records for 2012: Credit sales during the year $2,400,000 Accounts Receivable--December 31, 2012 410,000
Question 3
A2Z Events The following data are from the companys records for 2012:
| Credit sales during the year | $2,400,000 |
| Accounts Receivable--December 31, 2012 | 410,000 |
| Allowance for Doubtful Accounts--December 31, 2012 | 55,000 |
| Bad debt expense for the year | 70,000 |
Refer to A2Z Events. What amount will the company show on its year-end balance sheet for the net realizable value of its accounts receivable?
| $410,000 | ||
| $285,000 | ||
| $340,000 | ||
| $355,000 |
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Auditing And Assurance Services
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
16th Global Edition
1292147989, 978-1292147987
