What is the net realizable value of accounts, Accounting Basics

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What is the net realizable value of accounts

True, Inc. has written off a $4,000 account as non-collectable. The balance in the accounts receivable was $542,000 and the balance in the allowance for doubtful accounts was $16,000 prior to the write off. What is the net realizable value of accounts receivable after the receivable was written off?

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Accounting Basics: What is the net realizable value of accounts

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Q : What is the net realizable value of accounts

True, Inc. has written off a $4,000 account as non-collectable. The balance in the accounts receivable was $542,000 and the balance in the allowance for doubtful accounts was $16,000.

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Accounting Basics: What is the net realizable value of accounts

Reference No:- TGS0703769

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Will reaction rate increase-decrease or remain same

Q : Equal annual payments under the lease

Q : Calculate the total volume of gas

Q : Express the water pressure as a function

Q : What is the net realizable value of accounts

Q : Concentration of sodium chloride solution

Q : Wexplain what price per ticket must be charged to break even

Q : What is the proper adjusting entry

Q : Standard enthalpy of formation of benzene

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the net realizable value of accounts

Reference No:- TGS0703769

Recent Questions Asked Accounting Basics

Q : Will reaction rate increase-decrease or remain same

Q : Equal annual payments under the lease

Q : Calculate the total volume of gas

Q : Express the water pressure as a function

Q : What is the net realizable value of accounts

Q : Concentration of sodium chloride solution

Q : Wexplain what price per ticket must be charged to break even

Q : What is the proper adjusting entry

Q : Standard enthalpy of formation of benzene

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