Before the Accounts Are Adjusted and Closed at the End

question 8

Multiple Choice

Before the accounts are adjusted and closed at the end of the year,Accounts Receivable has a normal balance of $200,000 and Allowance for Doubtful Accounts has a debit balance $20,000.What is the net realizable value of the accounts receivable?

• A)$180,000
• B)$20,000
• C)$220,000
• D)$200,000

---

Definitions:

Current Rate

The present value of a financial instrument or the latest interest rate on a loan or investment.