After the Accounts Are Adjusted at the End of the Year

question 71

Short Answer

After the accounts are adjusted at the end of the year, Accounts Receivable has a balance of $450,000, Uncollectible Accounts Expense for the year was $35,000, and Allowance for Doubtful Accounts has a balance of $25,000. What is the net realizable value of the accounts receivable?

---

Definitions:

Code of Ethics

A set of principles and guidelines designed to help professionals conduct business honestly and with integrity.

Company Expectations

The standards and objectives set by a business that it expects its employees and operations to meet.