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Before the Accounts Are Adjusted and Closed at the End

Question 52

Multiple Choice

Before the accounts are adjusted and closed at the end of the year, Accounts Receivable has a normal balance of $510,000 and Allowance for Doubtful Accounts has a credit balance $3,000. What is the net realizable value of the accounts receivable?


A) $513,000
B) $507,000
C) $510,000
D) $504,000

Correct Answer:

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