Multiple Choice
On December 31, 2013, 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 2013 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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