In its December 31 balance sheet, Butler Co. reported trade accounts receivable of $250,000 and related allowance for uncollectible accounts of $20,000.
What is the total amount of risk of accounting loss related to Butler's trade accounts receivable, and what amount of that risk is off-balance-sheet risk?
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Risk of accounting loss
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Off-balance-sheet risk
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a.
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$0
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$0
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b.
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$230,000
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$0
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c.
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$230,000
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$20,000
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d.
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$250,000
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$20,000
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