Question: I am searching for the correct answer to this general accounting problem with proper accounting rules. Omega Co. had the following data for the year

I am searching for the correct answer to this general accounting problem with proper accounting rules.

Omega Co. had the following data for the year ending December 31, 2023: Credit sales during the year: $2,750,000 Accounts receivable at year-end: $410,000 Allowance for doubtful accounts at year-end: $45,000 Bad debt expense recorded during the year: $22,000 What amount should Omega Co. report on its year-end balance sheet as the net realizable value of accounts receivable? a) $388,000 b) $365,000 c) $410,000 d) $435,000

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