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When goods are shipped FOB destination, revenue is recognized by the seller when the goods leave the seller's shipping dock. True False The following account

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When goods are shipped FOB destination, revenue is recognized by the seller when the goods leave the seller's shipping dock. True False The following account balances were extracted from the accounting records of Thomas Corporation at the end of the year, Accounts Receivable $1,105,000 Allowance for Uncollectible Accounts (Credit) $35.000 Uncollectible - Account Expense $61.000 What is the net realizable value of the accounts receivable? O A $1.140,000 OB. 51,100,000 OC 51,105,000 OD $1,070 000 An aging-of-accounts-recewable indicates that the amount of uncollectible accounts is $3.610. The Allowance for Uncollectible Accounts prior to adjustment has a credit balance of 5400 The Accounts Receivable balance 544320. The amount of the adjusting entry for collectible accounts should be for OA $3.610 OB 3430 C4010 ID: 13210

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