The following information was presented in the balance sheet of ABC Company as of December 31, 2010:
Accounts Receivable, net of allowance of $100,000...................$1,600,000
Which of the following statements is true?
A. ABC expects that $1,700,000 of accounts receivable will be collected after year end.
B. The net realizable value of ABC's accounts receivable is $1,600,000.