An analysis and aging of the accounts receivable of yates company at december 31 reveal these data: accounts receivable $ 1,600,000allowance for doubtfulaccounts per books beforeadjustment (credit) 100,000amounts expected to becomeuncollectible 130,000what is the cash realizable value of the accounts receivable at december 31 after adjustment? a. $1,370,000b. $1,500,000c. $1,600,000d. $1,470,000
The computation of the cash realizable value of the accounts receivable is shown below:
= Ending balance of accounts receivable - credit balance of uncollectible amount
= $1,600,000 - $1,30,000
For finding out the cash realizable value, we deduct the credit balance of uncollectible amount from the ending balance of accounts receivable
the answer should be demonstrations i hope this
the best way to learn how to declare a major is to talk to a admissions office.