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After adjusting accounts, Everest Tools has a final Accounts Receivable balance of $410,000 and a doubtful accounts estimate of $62,000. What is the net realizable value of accounts receivable? a. $472,000 b. $348,000 c. $410,000 d. $62,000

After adjusting accounts, Everest Tools has a final Accounts Receivable balance of $410,000 and a doubtful accounts estimate of $62,000. What is the net realizable value of accounts receivable? a. $472,000 b. $348,000 c. $410,000 d. $62,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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After adjusting accounts, Everest Tools has a final Accounts Receivable balance of $410,000 and a doubtful accounts estimate of $62,000. What is the net realizable value of accounts receivable? a. $472,000 b. $348,000 c. $410,000 d. $62,000
Transcribed Image Text:After adjusting accounts, Everest Tools has a final Accounts Receivable balance of $410,000 and a doubtful accounts estimate of $62,000. What is the net realizable value of accounts receivable? a. $472,000 b. $348,000 c. $410,000 d. $62,000
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