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After the Accounts Are Adjusted and Closed at the End

Question 2

Multiple Choice

After the accounts are adjusted and closed at the end of the fiscal year,Accounts Receivable has a balance of $430,000 and Allowance for Doubtful Accounts has a balance of $30,000.What is the net realizable value of the accounts receivable?


A) $30,000
B) $460,000
C) $430,000
D) $400,000

Correct Answer:

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