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The Following Account Balances Were Extracted from the Accounting Records

Question 37

Multiple Choice

The following account balances were extracted from the accounting records of Thomas Corporation at the end of the year: The following account balances were extracted from the accounting records of Thomas Corporation at the end of the year: What is the net realizable value of the accounts receivable? A) $1,068,000 B) $1,105,000 C) $1,142,000 D) $1,165,000 What is the net realizable value of the accounts receivable?


A) $1,068,000
B) $1,105,000
C) $1,142,000
D) $1,165,000

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