The Data Presented Below Are for Falconi,Inc -What Amount Will Falconi Show on Its Year-End Balance Sheet

question 12

Multiple Choice

The data presented below are for Falconi,Inc.for 2017.
$\begin{array}{lr}\text { Credit sales during the year } & \$ 2,100,000 \\\text { Accounts receivable-December } 31,2017 & 395,000 \\\text { Allowance for doubtful accounts-December } 31,2017 & 20,000 \\\text { Bad debts expense for the year } & 17,000\end{array}$

-What amount will Falconi show on its year-end balance sheet for the net realizable value of its accounts receivable?

• A)$378,000
• B)$375,000
• C)$358,000
• D)$ 20,000

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