A2Z Events The following data are from the companys records for 2012: Credit sales during the year
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Question:
A2Z Events
The following data are from the company’s records for 2012:
Credit sales during the year | $2,400,000 |
Accounts Receivable--December 31, 2012 | 410,000 |
Allowance for Doubtful Accounts--December 31, 2012 | 55,000 |
Bad debt expense for the year | 70,000 |
Refer to A2Z Events. What amount will the company show on its year-end balance sheet for the net realizable value of its accounts receivable?
$410,000 | ||
$285,000 | ||
$340,000 | ||
$355,000 |
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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