Multiple Choice
Before the accounts are adjusted and closed at the end of the year, Accounts Receivable has a normal balance of $600,000 and Allowance for Doubtful Accounts has a debit balance of $40,000. What is the net realizable value of accounts receivable?
A) $560,000
B) $640,000
C) $600,000
D) $40,000
Correct Answer:
Verified
Correct Answer:
Verified
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