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Tabor Company Had Trade Receivables of $450,000 and an Allowance

question 75

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Tabor Company had trade receivables of $450,000 and an allowance for doubtful accounts of $15,500 just prior to writing off as worthless a trade receivable from Fox Company of $5,000.What was the net realizable value of trade receivables as shown by the accounting record before and after the write-off?

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Definitions:

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Higher level academic or professional courses that go beyond the basic curriculum to provide deeper knowledge and skills in a particular field.

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