What is the net realizable value of accounts receivable, Accounting Basics

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What is the net realizable value of accounts receivable

Before year-end adjusting entries, Dunn Company's account balances at December 31, 2010, for accounts receivable and the related allowance for uncollectible accounts were $600,000 and $45,000, respectively. An aging of accounts receivable indicated that $62,500 of the December 31 receivables are expected to be uncollectible.what is the net realizable value of accounts receivable after adjustment ?

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Accounting Basics: What is the net realizable value of accounts receivable

Reference No:- TGS080666

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What will be balance in the allowance for doubtful accounts

Q : Performing managerial services

Q : Determine which forecast approach is the most accurate

Q : Given the loss of childbearing ability and negative health

Q : What is the net realizable value of accounts receivable

Q : What is the expected completion time for the project

Q : Key data sets for course project.

Q : Company minimum required rate of return

Q : Meager media is a small- to medium-sized business

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is the net realizable value of accounts receivable

Reference No:- TGS080666

Recent Questions Asked Accounting Basics

Q : What will be balance in the allowance for doubtful accounts

Q : Performing managerial services

Q : Determine which forecast approach is the most accurate

Q : Given the loss of childbearing ability and negative health

Q : What is the net realizable value of accounts receivable

Q : What is the expected completion time for the project

Q : Key data sets for course project.

Q : Company minimum required rate of return

Q : Meager media is a small- to medium-sized business

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