FINANCIAL ACCOUNTING-W/SOLN.MANUAL
14th Edition
ISBN: 9781285477978
Author: Weil
Publisher: CENGAGE L
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Finn's Furniture has accounts receivable of $5,280, inventory of $2,100, sales of $152,000, and cost of goods sold of $75,600.
I want to this question answer for General accounting question not need ai solution
Oasis Furnishings reported the following information for
the year ending December 31, 2023:
•
•
•
•
Credit sales during the year: $2,750,000
Accounts receivable at year-end: $400,000
Allowance for doubtful accounts at year-end:
$45,000
Bad debt expense recorded during the year:
$18,000
What amount will Oasis Furnishings report on its
balance sheet as the net realizable value (NRV) of
accounts receivable?
a) $355,000
b) $400,000
c) $382,000
d) $318,000
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