Multiple Choice
The face amount of accounts receivable for Rio Inc. is $20,000. It was estimated that 5% of the accounts will not be collected, cash discounts of $500 will be exercised, and $200 of sales returns will be experienced. The net realizable value of accounts receivable is
A) $19,500
B) $19,300
C) $20,000
D) $18,300
Correct Answer:
Verified
Correct Answer:
Verified
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