A Company Reports Net Accounts Receivable of $152,000 on Its

Multiple Choice

A company reports net accounts receivable of $152,000 on its 31 December 2016 balance sheet.The Allowance for doubtful debts has a credit balance of $20,000.What is the balance in Accounts receivable?

A) $157,000
B) $172,000
C) $152,000
D) $132,000