Abbot Safe & Lock the Following Information Was Obtained from the Company's

question 27

Multiple Choice

Abbot Safe & Lock The following information was obtained from the company's records for 2012:
$\begin{array}{l} \text {Credit sales dwing the year } &\$ 3,200,000 \\ \text { Accounts receivable-December 31, 2012 } &325,000 \\ \text {Allowance for doubtful ac counts-December 31, 2012 } &35,000 \\ \text {Bad debt expense for the year } &20,000\end{array}$
-Refer to Abbot Safe & Lock.What amount will the company show on its year-end balance sheet for the net realizable value of its accounts receivable?

• A)$305,000
• B)$290,000
• C)$270,000
• D)$325,000

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Definitions:

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