An analysis and aging of Oceanic Inc.'s accounts receivable at December 31, 2020, disclosed the following: • Amounts estimated to be uncollectible: $200,000 . Accounts receivable: $2,000,000 Allowance for doubtful accounts (per book): $150,000 What is the net realizable value of Oceanic Inc.'s receivables at December 31, 2020?

An analysis and aging of Oceanic Inc.'s accounts receivable at December 31, 2020, disclosed the following: • Amounts estimated to be uncollectible: $200,000 . Accounts receivable: $2,000,000 Allowance for doubtful accounts (per book): $150,000 What is the net realizable value of Oceanic Inc.'s receivables at December 31, 2020?

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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What is the net realisable value of receivables?