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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 an...

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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
.

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

1. 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