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Fit City Estimates It Will Collect $3,300 of the $3,525

Question 20

Multiple Choice

Fit City estimates it will collect $3,300 of the $3,525 owed by customers.The difference of $225 represents the:


A) Gross Accounts Receivable.
B) the Net Realizable Value.
C) Allowance for Doubtful Accounts.
D) Value of the Current Unpaid Receivables.

Correct Answer:

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