INTERMEDIATE ACCOUNTING /TX /LL/ CONNEC
10th Edition
ISBN: 9781264034420
Author: SPICELAND
Publisher: MCG
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Salem Enterprises reports its accounts receivable on the balance sheet. The gross receivable balance is $78,000, and the allowance for uncollectible accounts is estimated at 12% of gross receivables. At what amount will accounts receivable be reported on the balance sheet?
Net income for the year is
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