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Describe the five steps needed to plan a resource strategy.
Net Realizable Value
The estimated selling price of goods minus the cost of their sale or completion.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of a company's accounts receivable that may not be collected.
Accounts Receivable
Money owed to a company by its customers for goods or services delivered or used but not yet paid for.
Allowance for Doubtful Accounts
A contra-asset account used to estimate the portion of receivables that may not be collectible.
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