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Calculation of net realizable value or receivables

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Accounts are closed and adjusted at the end of the year. Accounts receivable has a balance of $350,000 and the allowance for doubtful accounts has a balance of $15,000. What is the net realizable value of the accounts receivable?

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The net realizable value is the amount of cash that is expected to be collected from accounts ...

Solution Summary

The solution explains how to calculate the new realizable value of accounts receivables

$2.19