Srivastava Co.'s Balance Sheet had the following line item: |12/31/2012 12/31/2011 Accounts Receivable, net of allowances of $200 and $150, respectively $4,900 $4,100 What percentage of gross accounts receivable does Srivastava expect to be uncollectable as of 12/31/2012? 3.92% 4.08% 3.66% 3.53% 4.01% O O O O O

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Srivastava Co.'s Balance Sheet had the
following line item:
12/31/2012| 12/31/2011
Accounts Receivable, net
of allowances of $200
and $150, respectively
$4,900
$4,100
What percentage of gross accounts
receivable does Srivastava expect to be
uncollectable as of 12/31/2012?
3.92%
4.08%
3.66%
3.53%
4.01%
O O O O O
Transcribed Image Text:Srivastava Co.'s Balance Sheet had the following line item: 12/31/2012| 12/31/2011 Accounts Receivable, net of allowances of $200 and $150, respectively $4,900 $4,100 What percentage of gross accounts receivable does Srivastava expect to be uncollectable as of 12/31/2012? 3.92% 4.08% 3.66% 3.53% 4.01% O O O O O
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