The following information was presented in the balance sheet of Diablo Company as of December 31, 2012: 
Which one of the following statements is true?
A) Diablo expects that $1,955,000 of accounts receivable will be collected after year end.
B) The balance in the Accounts Receivable account in Diablo's general ledger is $1,700,000.
C) The net realizable value Diablo's accounts receivable is $1,700,000.
D) Diablo expects to collect only $1,445,000 from its customers.
Correct Answer:
Verified
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