Multiple Choice
On December 31,2016,the end of Larry's Used Cars' first year of operations,the accounts receivable was $53,600.The company estimates that $1,200 of the year-end receivables will not be collected.Accounts receivable in the 2016 balance sheet will be valued at:
A) $53,600.
B) $54,800.
C) $52,400.
D) $ 1,200.
Correct Answer:
Verified
Correct Answer:
Verified
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