An analysis and aging of the accounts receivable of Prince Company at December 31 reveals the following
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An analysis and aging of the accounts receivable of Prince Company at December 31 reveals the following data.
Accounts receivable $800,000 Allowance for doubtful accounts per books before adjustment 50,000 Amounts expected to become uncollectible 65,000 The cash realizable value of the accounts receivable at December 31, after adjustment, is:
(a) $685,000.
(c) $800,000.
(b) $750,000.
(d) $735,000.
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Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
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