Question: IC Company estimates that $ 2 0 , 0 0 0 of its current accounts receivable balance of $ 5 0 0 , 0 0

IC Company estimates that $20,000 of its current accounts receivable balance of $500,000 will be uncollectible. What is the Net Realizable Value (NRV) of the accounts receivable balance at month-end?
$497,000
500,000
$480,000
$520,000
IC Company estimates that $20,000 of its current accounts receivable balance

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