At the end the fiscal year, account receivable has a balance of ?100,000 and allowance
FINANCIAL
POST UTME OAU
At the end the fiscal year, account receivable has a balance of ?100,000 and allowance for doubtful account has a balance of ?7,000. The expected net realized value of the account receivable is:
- A) ?107,000
- B) ?100,000
- C) ?93,000
- D) ?7,000
Correct Answer: C) ?93,000
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