A Company's Accounts Receivable Balance After Posting Net Collections from Customers

question 19

Multiple Choice

A company's accounts receivable balance after posting net collections from customers is $150,000.Management has determined there are the following uncollected accounts,including the corresponding aging of accounts receivable and uncollected percentages: $100,000 that are 1 to 30 days past due at 2%,and $50,000 that are 31 to 60 days past due at 10%.What is the net realizable value of the accounts receivable?

• A) $143,000
• B) $147,500
• C) $148,000
• D) $150,000

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