Question
The data presented below are for Falconi, Inc. for 2017. Credit sales during the year $2,100,000 Accounts receivableDecember 31, 2017 395,000 Allowance for doubtful accountsDecember
The data presented below are for Falconi, Inc. for 2017.
| Credit sales during the year | $2,100,000 |
| Accounts receivableDecember 31, 2017 | 395,000 |
| Allowance for doubtful accountsDecember 31, 2017 | 20,000 |
| Bad debts expense for the year | 17,000 |
What amount will Falconi show on its year-end balance sheet for the net realizable value of its accounts receivable?
a.$358,000
b.$20,000
c.$378,000
d.$375,000
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The HA HandBook Series Auditing The Legal Process Improving The Efficiency And Effectiveness Of Legal Counsel
Authors: Scott Fargason
1st Edition
0894134698, 978-0894134692
