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The following information was presented in Linh Do Accounting Firm 's balance sheet as of 30 June 2022: Trade accounts receivable, net of allowance for
The following information was presented in Linh Do Accounting Firm 's balance sheet as of 30 June 2022: Trade accounts receivable, net of allowance for doubtful accounts of $255 000 is $1 700 000 Which one of the following statements is true? O The net realisable value Linh Do Accounting firm 's accounts receivable is $1 700 000 The firm expects to collect only $1 445 000 from its customers O The firm expects that $1 855 000 of accounts receivable will be collected after year end O The balance in the accounts receivable account in the company's general ledger is $1 700 000
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