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kondaur [170]
3 years ago
8

The following account balances were extracted from the accounting records of Thomas Corporation at the end of the year:

Business
1 answer:
Savatey [412]3 years ago
7 0

Answer: $1,063,000

Explanation:

Net realizable value is the value of an asset that a company will get when the asset is sold minus the cost that came with the asset sales.

The net realizable value of the accounts receivable will be the accounts receivable of $1,100,000 minus the allowance for uncollectible accounts which was given as $37,000.

= $1,100,000 - $37,000

= $1,063,000

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