The December 31, 2021 statement of financial position of Mulan Company showed the current receivableswith the following details:Trade accounts receivable186,000Allowance for doubtful accounts(4.000)Claims against shipper for goods lost in transit lastmonth6,000Goods out on consignment at 30% above cost52,000Security deposit on lease of warchouse to store someinventories60,000TOTAL300.000QUESTION:What is the correct current net receivables of Mulan Company at December 31, 2021?O P 240,000O P 188,000O P 300,000O P 248,000

Correct answer is P 188000 Trade accounts receivable 186000 Allowance for doubtful debts…

Answered: The December 31, 2021 statement of…

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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