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Thank you, I am really stumped. Question 4 2 pts Innox Company has an outstanding accounts receivable balance of $750,000 and a credit balance in
Thank you, I am really stumped.
Question 4 2 pts Innox Company has an outstanding accounts receivable balance of $750,000 and a credit balance in the allowance for doubtful accounts of $50,000. If Innox writes off a customer's receivable equal to $20,000, what is the net realizable value of Innox's accounts receivable after the write off? $700,000 $680,000 $720,000 $770,000 7Step by Step Solution
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