Multiple Choice
Which of the following is not true about the net realizable value of receivables?
A) It is equal to the total accounts receivable minus the allowance for doubtful accounts.
B) It is equal to accounts receivable,net.
C) It is equal to the amount of receivables the company actually expects to collect.
D) It is a contra-asset account.
Correct Answer:
Verified
Correct Answer:
Verified
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