ACC 8

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An analysis and aging of the accounts receivable of Prince Company at December 31 reveals the following data. Accounts receivable 800,000 Allowance for doubtful accounts per books before adjustment 50,000 Amounts expected to become uncollectible 65,000 The cash realizable value of the accounts receivable at December 31, after adjustment, is: a. 685,000. b. 750,000. c. 800,000. d. 735,000. ANS: d. 735,000.

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wisdomrays
@dgoodz
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Published On:
01/03/2016
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1 page(s)
Word Count:
51
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acc-8-4.doc
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