The net realizable value of the accounts receivable at December 31 should be

Managerial Accounting: The Cornerstone of Business Decision-Making
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Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 44E: Whalen Company had net sales of 125,500,250,000. Whalen had the following balances: Required: Note:...
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An analysis and aging of the accounts receivable of Kaiten Company at December 31 revealed the following data:
Accounts receivable $475,000
Allowance for bad debts (before adjustment) 25,000 (cr.)
Accounts Receivable estimated to be uncollectible 32,000
The net realizable value of the accounts receivable at December 31 should be
a.$450,000
b.$475,000
c.$418,000
d.$443,000
 
 
 
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