An analysis and aging of Giant Corp.'s accounts receivable at December 31, 2019, disclosed the following: Amounts estimated uncollectible Accounts receivable to be $185,200 $1,920,000 Allowance for doubtful accounts $140,000 (per book) Required: What is the net realizable value of Giant Corp.'s receivables at December 31, 2019?

An analysis and aging of Giant Corp.'s accounts receivable at December 31, 2019, disclosed the following: Amounts estimated uncollectible Accounts receivable to be $185,200 $1,920,000 Allowance for doubtful accounts $140,000 (per book) Required: What is the net realizable value of Giant Corp.'s receivables at December 31, 2019?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 6MC: Prior to adjustments, Barrett Companys account balances at December 31, 2019, for Accounts...

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Mirror Mart uses the balance sheet aging method to account for uncollectible debt on receivables. The following is the past-due category information for outstanding receivable debt for 2019. To manage earnings more efficiently, Mirror Mart decided to change past-due categories as follows. Complete the following. A. Complete each table by filling in the blanks. B. Determine the difference between total uncollectible. C. Explain how the new total uncollectible amount affects net income and accounts receivable.
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What is the net realisable value?
An analysis and aging of Sarasota Corp.’s accounts receivable at December 31, 2020, disclosed the following: Amounts estimated to be uncollectible $151,000 Accounts receivable 1,830,000 Allowance for doubtful accounts (per books) 140,000 What is the net realizable value of Sarasota Corp.’s receivables at December 31, 2020? Net realizable value $Enter your answer in accordance to the question statement
An analysis and aging of Sarasota Corp.’s accounts receivable at December 31, 2020, disclosed the following: Amounts estimated to be uncollectible $151,000 Accounts receivable 1,830,000 Allowance for doubtful accounts (per books) 140,000 What is the net realizable value of Sarasota Corp.’s receivables at December 31, 2020? Net realizable value $Enter your answer in accordance to the question statem
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