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Ready Corporation's Accounts Receivable Balance After Posting Net Collections from Customers

Question 25

Multiple Choice

Ready Corporation's accounts receivable balance after posting net collections from customers for 2012 is $190,000. Management feels that uncollected accounts should be based on the following aging of accounts receivable and uncollected percentages. There are $120,000 that are 1 to 30 days past due at 3% and $70,000 that are 31 to 60 days past due at 8%. The net realizable value of the accounts receivable is:


A) $184,400
B) $186,400
C) $190,000
D) $180,800

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