Question: Menaza Company used the aging of accounts receivable method. At December 31, management determined that the net realizable value of accounts receivable was $304,000. The balance in Accounts Receivable was $384,000 and the unadjusted credit balance in Allowance for Doubtful Accounts was $16,000.
What was the amount of Bad Debt Expense for the year?
A. $96,000.
B. $64,000.
C. $80,000
D. $16,000.
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