Mueller Co.prepared an aging of its accounts receivable at December 31, 2010 and determined that the net realizable value of the receivables was $290,000.Additional information is available as follows: For the year ended December 31, 2010, Mueller's bad debt expense would be
A)$20,000.
B)$23,000.
C)$16,000.
D)$14,000.

Question

Mueller Co.prepared an aging of its accounts receivable at December 31, 2010 and determined that the net realizable value of the receivables was $290,000.Additional information is available as follows:  For the year ended December 31, 2010, Mueller's bad debt expense would be
A)$20,000. 
B)$23,000. 
C)$16,000. 
D)$14,000.

Quizplus · Accepted Answer

The Answer of Mueller Co.prepared an aging of its accounts receivable at December 31, 2010 and determined that the net realizable value of the receivables was $290,000.Additional information is available as follows:  For the year ended December 31, 2010, Mueller's bad debt expense would be
A)$20,000. 
B)$23,000. 
C)$16,000. 
D)$14,000.