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

question 50

Multiple Choice

A company's accounts receivable balance after posting net collections from customers for 2012 is $150,000.Management feels that uncollected accounts should be based on the following aging of accounts receivable and uncollected percentages.There are $100,000 that are 1-30 past due at 2% and $50,000 that are 31 to 60 days past due at 10%.The net realizable value of the accounts receivable is

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

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Definitions:

African-Americans

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Osceola

was a prominent leader of the Seminole people in Florida, known for his resistance against US forces during the Second Seminole War in the early 19th century.

Tariff of 1828

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