A2Z Events the Following Data Are from the Company's Records

question 88

Multiple Choice

A2Z Events The following data are from the company's records for 2012:
$\begin{array}{ll} \text {Credit sales during the year } &\$ 2,400,000 \\ \text {Accounts Receivable-December 31, 2012} &410,000 \\ \text {Allowance for Doubtful Accounts-December 31, 2012 } &55,000\\ \text {Bad debt expense for the year } &70,000\end{array}$
-Refer to A2Z Events.What amount will the company show on its year-end balance sheet for the net realizable value of its accounts receivable?

• A)$410,000
• B)$285,000
• C)$340,000
• D)$355,000

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Definitions:

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