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Bri Instructions - Auditing : X 04_Quiz_1(4).pdf X 04_Handout_1(6).pdf x & docx-4.docx | Cheque | x @ Net Realizable Value - | x * Course Hero X + X - O https://$3.amazonaws.com/$3.edu20.org/files/5874568/04_Quiz_1%284%29.pdf?X-Amz-Algorithm=AWS4-HMA... G 2 of 3 + | A) Read aloud | Draw V Highlight v Erase 6. What is the net realizable value of Netero's receivables at December 31, 201A? The following accounts are shown on the 201B and 201A financial statements of Kite Company: 201B 201A Accounts receivable ? P470,000 Allowance for doubtful accounts P20,000 10,000 Net Sales 2,600,000 2,400,000 Cost of goods sold 00,000 1,752,000 Kite's accounts receivable turnover for 201B is 6.5 times. 7. What are the accounts receivable balance on December 31, 201B? The policy of Biskey, Inc. is to add bad debt expense for 3% of all new sales. The following are the company's sales and allowance for doubtful accounts for the past four (4) years: Year Sales Allowance for Doubtful Accounts Year-End Balance 201A P3,000,000 P45,000 201B 2,950,000 56,000 201C 3,120,000 60,000 201D 2,420,000 75,000 What are the amounts of accounts written off in 201B, 201C, and 201D? 8. 201B 9. 201C 10. 201D Type here to search m W ~ 0 " ( ) ENG 7:03 pm 199+ 26/10/2020