After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable...

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After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable...

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $787,365 and Allowance for Doubtful Accounts has a balance of $20,575. What is the net realizable value of the accounts receivable?

a.$787,365

b.$807,940

c.$766,790

d.$20,575

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business accounting

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Answer 1

Answer #1

Net value of accounts receivable

= Accounts Receivable - Allowance for Doubtful Accounts

= 787,365 - 20,575

= 766,790

Option C is the answer

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Answer 2

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