Net realizable value of abc accounts receivable, Accounting Basics

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Net realizable value of abc accounts receivable

The following information was presented in the balance sheet of ABC Company as of December 31, 2010:

Accounts Receivable, net of allowance of $100,000...................$1,600,000

Which of the following statements is true?

A. ABC expects that $1,700,000 of accounts receivable will be collected after year end.

B. The net realizable value of ABC's accounts receivable is $1,600,000.

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Accounting Basics: Net realizable value of abc accounts receivable

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Accounting Basics: Net realizable value of abc accounts receivable

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Recent Questions Asked Accounting Basics

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Accounting Basics: Net realizable value of abc accounts receivable

Reference No:- TGS079304

Recent Questions Asked Accounting Basics

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