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Chapter 23, Problem 1IS
Summary Introduction

Case summary:The appeal from the parties whose contract with UD DOT has been canceled is sometimes heard by the DOT. DOT has appointed an admirative law judge (ALJ) who has been entrusted with the duty to hear the appeals.

To explain:The safeguard which will promote the ALJ’s fairness.

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Subject:- General Account
During the year, Kiner Company made an entry to write off a $9,000 uncollectible account. Before this entry was made, the balance in accounts receivable was $315,000 and the balance in the allowance account was $27,000. The net realizable value of accounts receivable after the write-off entry was: A. $200,000. B. $184,000. C. $176,000. D. $288,000. answer
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