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After the Accounts Are Adjusted and Closed at the End

Question 93

Multiple Choice

After the accounts are adjusted and closed at the end of the year,Accounts Receivable has a normal balance of $560,000 and Allowance for Doubtful Accounts has a normal balance of $35,000.What is the net realizable value of the Accounts Receivable?


A) $525,000
B) $595,000
C) $560,000
D) The amount cannot be determined from the given information.

Correct Answer:

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