Multiple Choice
Accounts receivable has a balance of $5,000 and the Allowance for Bad Debts has a credit balance of $440. The allowance method is used. What is the net realizable value after a $160 account receivable is written off?
A) $4,400
B) $4,720
C) $4,560
D) $5,000
Correct Answer:
Verified
Correct Answer:
Verified
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