The following information was presented in the balance sheet of Acworth Pools as of December 31, 2013:
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Trade accounts receivable, net of allowance for doubtful accounts of $200,000
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$1,700,000
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Select the incorrect statement from the following.
a. The balance in the Accounts Receivable account in the company's general ledger is $1,700,000.
b. The company expects to actually collect $1,700,000 of its receivables.
c. The net realizable value of the company's receivables is $1,700,000.
d. The company expects uncollectible to total $200,000.