Explore BrainMass
Share

Explore BrainMass

    Amount of Net Realizable Value of Receivables

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Kentucky Supply Co., which has no beginning balance in its Accounts Receivable and Allowance for Doubtful Accounts, earned $80,000 of revenue on account during 2012. During 2012, the company collected $64,000 of cash from its receivables accounts. Kentucky estimates that will be unable to collect 2% of revenue on account. The amount of net realizable value of receivables on the December 31, 2012 balance.

    © BrainMass Inc. brainmass.com October 10, 2019, 3:10 am ad1c9bdddf
    https://brainmass.com/business/receivables/amount-net-realizable-value-receivables-409952

    Solution Summary

    The solution determines the amount of net realizable value of receivables.

    $2.19