The Following Data Concerns Wang Corporation for 2016 ? What Amount Will Wang Show on Its Year-End Balance

question 69

Multiple Choice

The following data concerns Wang Corporation for 2016: $\begin{array}{lr}\text { Credit sales during the year } & \$ 1,600,000 \\\text { Accounts Receivable-December } 31,2016 & 235,000 \\\text { Allowance for Doubtful Accounts-December } 31,2016 & 18,000 \\\text { Bad debt expense for the year } & 11,000\end{array}$ ? What amount will Wang show on its year-end balance sheet for the net realizable value of its accounts receivable?

• A) $253,000
• B) $235,000
• C) $224,000
• D) $217,000

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