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

question 50

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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


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Cognitive-Behavioral Therapist

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