Before the Accounts Are Adjusted and Closed at the End

question 84

Multiple Choice

Before the accounts are adjusted and closed at the end of the year, Accounts Receivable has a normal balance of $600,000 and Allowance for Doubtful Accounts has a debit balance of $40,000. What is the net realizable value of accounts receivable?

• A) $560,000
• B) $640,000
• C) $600,000
• D) $40,000

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