ParentCo Has Acquired FinanceCo, and Is Trying to Value the Receivables

Multiple Choice

ParentCo has acquired FinanceCo, and is trying to value the receivables. The current gross amount of receivables is $500,000. The contra-account, allowance for doubtful accounts, is $50,000. Assume the fair value is the same as the net value of the assets. What value should ParentCo put FinanceCo's receivables on its books for?

A) $500,000 gross receivables amount, with a $50,000 allowance for doubtful accounts.
B) $450,000, with no contra-account balance
C) $500,000 with no contra-account balance.
D) $450,000 with a $50,000 allowance for doubtful accounts.