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 solution explains how to calculate the new realizable value of accounts receivables
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The net realizable value is the amount of cash that is expected to be collected from accounts ...
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