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After the accounts are adjusted and closed at the end of the fiscal ye (1).docx
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After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $340,000 and Allowance for Doubtful Accounts has a balance of $51,000. What is the net realizable value of the accounts receivable? Solution net realizable value of the accounts receivable = 340000-51000= $289,000 B .
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After the accounts are adjusted and closed at the end of the fiscal ye (1).docx
- After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $340,000 and Allowance for Doubtful Accounts has a balance of $51,000. What is the net realizable value of the accounts receivable? A. $51,000 B. $289,000 C. $340,000 D. $391,000 Solution net realizable value of the accounts receivable = 340000-51000= $289,000 B
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