Data for the Year Ended December 31 Are Presented Below

question 34

Multiple Choice

Data for the year ended December 31 are presented below.Sales (100% on credit)

-Refer to A&B Foods. If the company uses the aging of accounts receivable method to estimate its bad debts, what will be the net realizable value of its accounts receivable after the adjustment for bad debt expense?

• A)$343,000
• B)$345,000
• C)$420,000
• D)$395,000

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