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After the Accounts Are Adjusted and Closed at the End

Question 55

Multiple Choice

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $500,000 and Allowance for Doubtful Accounts has a balance of $25,000.What is the net realizable value of the accounts receivable?


A) $25,000
B) $525,000
C) $500,000
D) $475,000

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