Xumo Co., had accounts receivable of $435,000 and an allowance for doubtful accounts of $21,000 just before writing off as worthless an receivable from BING Inc., of $1,510. The net realizable value of the accounts receivable before and after the write-off were: Multiple Choice
Xumo Co., had accounts receivable of $435,000 and an allowance for doubtful accounts of $21,000 just before writing off as worthless an receivable from BING Inc., of $1,510. The net realizable value of the accounts receivable before and after the write-off were: Multiple Choice
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Xumo Co., had accounts receivable of $435,000 and an allowance for doubtful accounts of $21,000 just before writing off as worthless an account
receivable from BING Inc., of $1,510. The net realizable value of the accounts receivable before and after the write-off were:
Multiple Choice
$414,000 before and $412,490 after
$414,000 before and $414,000 after.
O $435,000 before and $433,490 after
$456.000 before and $454,490 after.
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