Ask Question
1 October, 22:37

After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $703,938 and Allowance for Doubtful Accounts has a balance of $19,734. What is the net realizable value of accounts receivable? a.$684,204 b.$723,672 c.$703,938 d.$19,734

+3
Answers (1)
  1. 1 October, 22:46
    0
    The net realizable value of accounts receivable is $684,204

    Explanation:

    To calculate subtract the doubtful-accounts allowance from the total accounts receivable. The result will be the net realizable value of accounts receivable. accounts receivable = $703,938 doubtful-accounts = $19,734. the net realizable value of accounts receivable = accounts receivable ± doubtful-accounts Therefore, the net realizable value of accounts receivable is $684,204
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “After the accounts are adjusted and closed at the end of the fiscal year, Accounts Receivable has a balance of $703,938 and Allowance for ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers