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Category > Management Posted 04 Feb 2018 My Price 4.00

Wilson Corporation

Wilson Corporation uses an income statement approach to estimate credit losses. Its gross Accounts Receivable of $5,000,000 at the beginning of the period had a net realizable value of $4,925,000. During the period, the company wrote off actual accounts receivable of $100,000 and collected

$7,835,000 from credit customers. Credit sales for the year amounted to $9,000,000. Of its credit sales, 1 percent was estimated to eventually be uncollectible.

Determine the net realizable value of the company’s accounts receivable at the end of the period.

 

 
 

Answers

(5)
Status NEW Posted 04 Feb 2018 10:02 PM My Price 4.00

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