The Stevens Company Provided $45,000 of Services on Account During

question 41

Multiple Choice

The Stevens Company provided $45,000 of services on account during 2014, its first year in operation. During 2014, Stevens collected $34,000 of cash from its receivables accounts. The company estimates that it will be unable to collect 2% of its revenues on account.
The amount of net realizable value of receivables on the company's 2014 balance sheet was

• A) $14,400.
• B) $10,100.
• C) $12,350.
• D) $1,350.

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Definitions:

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