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Accounts Receivable Has a Balance of $4000,and the Allowance for Bad

Question 125

Multiple Choice

Accounts Receivable has a balance of $4000,and the Allowance for Bad Debts has a credit balance of $430.The allowance method is used.What is the net realizable value of Accounts Receivable after a $170 account receivable is written off?


A) $3400
B) $3740
C) $3570
D) $4000

Correct Answer:

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