At the end of the accounting period Anderson Company had $4,500 in accounts receivable and $500...
At the end of the accounting period Anderson Company had $4,500 in accounts receivable and $500 in its allowance for doubtful accounts account. Based on this information the net realizable value of accounts receivable is
A. 4,000
B. 4,500
C. 5,000
D. The answer cannot be determined with the information provided.
Homework Answers
net realizable value of accounts receivable=Accounts receivable balance-allowance for doubtful accounts
which is equal to
=(4500-500)
which is equal to
=$4000.
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